Commodity Prices

Gold •804 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,790.80	+13.80	+0.78%
WTI Crude •11 mins	103.50	-2.33	-2.20%
Gasoline •11 mins	3.422	-0.043	-1.25%
Ethanol •804 days	2.161	+0.000	+0.00%
Silver •804 days	30.82	+1.16	+3.92%

Silver • 804 days	30.82	+1.16	+3.92%
Copper • 804 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	107.08	-1.67	-1.54%
Natural Gas • 11 mins	2.935	+0.016	+0.55%
Heating Oil • 11 mins	5.255	-0.007	-0.13%

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EUR/USD: Significant Deterioration in The Technical Structure

By - Mar 21, 2014, 5:49 AM CDT

EUR/USD has broken the support implied by its rising channel, invalidating the uptrend in place since February. The short-term technical structure is negative as long as prices remain below the resistance at 1.3845 (20/03/2014 high). Supports can be found at 1.3708 (05/03/2014 low) and 1.3643.

In the medium-term, the break of the support at 1.3834 (11/03/2014 low, see also the rising channel) coupled with general overbought conditions favour a move lower towards the support at 1.3643. The recent high at 1.3967 is likely to act as a strong resistance.

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