Commodity Prices

Gold •292 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	960.00	-7.10	-0.73%
WTI Crude •20 mins	63.85	+0.77	+1.22%
Gasoline •10 mins	2.089	+0.024	+1.16%
Ethanol •292 days	2.161	+0.000	+0.00%
Silver •292 days	30.82	+1.16	+3.92%

Silver • 292 days	30.82	+1.16	+3.92%
Copper • 292 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.75	+0.49	+0.74%
Natural Gas • 10 mins	3.037	+0.021	+0.70%
Heating Oil • 10 mins	2.132	+0.023	+1.11%

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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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