Commodity Prices

Gold •217 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,014.90	-10.90	-1.06%
WTI Crude •10 mins	71.63	+0.60	+0.84%
Gasoline •10 mins	2.069	+0.019	+0.90%
Ethanol •217 days	2.161	+0.000	+0.00%
Silver •217 days	30.82	+1.16	+3.92%

Silver • 217 days	30.82	+1.16	+3.92%
Copper • 217 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	75.19	+0.58	+0.78%
Natural Gas • 10 mins	3.350	-0.010	-0.30%
Heating Oil • 10 mins	2.394	+0.010	+0.41%

Headlines

602 days Will The ECB Continue To Hike Rates?
602 days Forbes: Aramco Remains Largest Company In The Middle East
604 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,004 days Could Crypto Overtake Traditional Investment?
1,009 days Americans Still Quitting Jobs At Record Pace
1,011 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,014 days Is The Dollar Too Strong?
1,014 days Big Tech Disappoints Investors on Earnings Calls
1,015 days Fear And Celebration On Twitter as Musk Takes The Reins
1,017 days China Is Quietly Trying To Distance Itself From Russia
1,017 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,021 days Crypto Investors Won Big In 2021
1,021 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,022 days Food Prices Are Skyrocketing As Putin’s War Persists
1,024 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,025 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,028 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,029 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,029 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,031 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

EUR/USD: Short-Term Double-Top Formation Validated

By - Feb 27, 2014, 5:22 AM CST

EUR/USD has broken the support at 1.3692, validating a short-term double-top with an implied target at 1.3611. Monitor the hourly support at 1.3657 (see also 38.2% retracement). Another support lies at 1.3562. An hourly resistance now stands at 1.3702 (21/02/2014 low). Another resistance is at 1.3773.

In the longer term, we favour a broad horizontal range between 1.3296 (07/11/2014 low) and 1.3893 (27/12/2013 high). The recent weakness and the overbought conditions suggest that downside risks currently outweigh upside potentials.

Daily Technical Report