Commodity Prices

Gold •462 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,687.20	-13.60	-0.80%
WTI Crude •11 mins	62.24	-0.31	-0.50%
Gasoline •12 mins	1.904	-0.005	-0.27%
Ethanol •462 days	2.161	+0.000	+0.00%
Silver •462 days	30.82	+1.16	+3.92%

Silver • 462 days	30.82	+1.16	+3.92%
Copper • 462 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.99	-0.26	-0.39%
Natural Gas • 11 mins	3.307	-0.026	-0.78%
Heating Oil • 19 mins	2.284	-0.008	-0.33%

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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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