Commodity Prices

Gold •480 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,596.40	-5.20	-0.32%
WTI Crude •11 mins	61.63	+0.13	+0.21%
Gasoline •20 mins	1.921	-0.001	-0.07%
Ethanol •480 days	2.161	+0.000	+0.00%
Silver •480 days	30.82	+1.16	+3.92%

Silver • 480 days	30.82	+1.16	+3.92%
Copper • 480 days	4.530	+0.111	+2.51%
Brent Crude • 13 mins	66.12	+0.18	+0.27%
Natural Gas • 12 mins	3.372	+0.068	+2.06%
Heating Oil • 47 mins	2.397	-0.006	-0.25%

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EUR/USD: Challenging a Key Resistance Area

By - Mar 03, 2014, 5:04 AM CST

EUR/USD rose sharply on Friday. Prices are now challenging the key resistance area between 1.3832 (25/10/2013 high, see also the long-term declining trendline) and 1.3893. Hourly supports can be found at 1.3727 (27/02/2014 high) and 1.3694 (28/02/2014 low).

In the longer term, we favour a broad horizontal range between 1.3296 (07/11/2014 low) and 1.3893 (27/12/2013 high). However, monitor the potential ascending triangle formation. Another strong resistance lies at 1.4247 (27/10/2011 high).

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