Commodity Prices

Gold •15 mins	2,331.90	-6.50	-0.28%
Platinum •15 mins	907.90	-7.90	-0.86%
WTI Crude •10 mins	82.72	-0.09	-0.11%
Gasoline •10 mins	2.730	-0.004	-0.15%
Ethanol •16 hours	2.161	+0.000	+0.00%
Silver •15 mins	27.26	-0.09	-0.31%

Silver • 15 mins	27.26	-0.09	-0.31%
Copper • 15 mins	4.548	+0.062	+1.37%
Brent Crude • 10 mins	87.93	-0.09	-0.10%
Natural Gas • 10 mins	1.626	-0.027	-1.63%
Heating Oil • 10 mins	2.540	-0.010	-0.37%

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EUR/USD: Genuine Breakout To The Upside?

By - Mar 25, 2014, 5:11 AM CDT

EUR/USD has risen sharply, moving above the resistance a 1.3845. However, the failure to hold above this level suggests a potential false breakout. A resistance now lies at 1.3876. An initial support can be found at 1.3825 (intraday high). Other supports stand at 1.3749 and 1.3643. Another resistance is at 1.3948 (17/03/2014 high).

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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