Commodity Prices

Gold •482 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,610.10	+25.30	+1.60%
WTI Crude •11 mins	60.38	+0.23	+0.38%
Gasoline •39 mins	1.936	+0.011	+0.57%
Ethanol •482 days	2.161	+0.000	+0.00%
Silver •482 days	30.82	+1.16	+3.92%

Silver • 482 days	30.82	+1.16	+3.92%
Copper • 482 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.69	+0.29	+0.45%
Natural Gas • 12 mins	3.240	-0.105	-3.14%
Heating Oil • 11 mins	2.375	-0.012	-0.50%

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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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