Commodity Prices

Gold •284 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	952.50	+7.90	+0.84%
WTI Crude •10 mins	61.30	-0.20	-0.33%
Gasoline •11 mins	2.014	+0.015	+0.74%
Ethanol •284 days	2.161	+0.000	+0.00%
Silver •284 days	30.82	+1.16	+3.92%

Silver • 284 days	30.82	+1.16	+3.92%
Copper • 284 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.57	-0.19	-0.29%
Natural Gas • 10 mins	3.475	-0.052	-1.47%
Heating Oil • 13 mins	2.071	+0.006	+0.27%

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EUR/USD: Weak Bounce

By - Apr 23, 2014, 5:36 AM CDT

EUR/USD bounced yesterday near the support at 1.3780. However, bullish rally is weak. An hourly support is at 1.3780 (22/04/2014 low, see also the low of the declining channel). The next resistance is at 1.3906 (11/04/2014 high). The short-term technical configuration remains positive as long as the support at 1.3730 holds.

In the longer term, EUR/USD is still in a dominate uptrend, suggesting additional upside can be anticipated. A significant resistance now lies at 1.3876 (24/03/2014 high).

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