Commodity Prices

Gold •493 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,549.10	+11.50	+0.75%
WTI Crude •22 hours	59.75	+0.32	+0.54%
Gasoline •22 hours	1.940	-0.025	-1.29%
Ethanol •493 days	2.161	+0.000	+0.00%
Silver •493 days	30.82	+1.16	+3.92%

Silver • 493 days	30.82	+1.16	+3.92%
Copper • 493 days	4.530	+0.111	+2.51%
Brent Crude • 21 hours	63.63	+0.25	+0.39%
Natural Gas • 22 hours	4.315	-0.042	-0.96%
Heating Oil • 22 hours	2.482	-0.014	-0.56%

Headlines

877 days Will The ECB Continue To Hike Rates?
877 days Forbes: Aramco Remains Largest Company In The Middle East
879 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,279 days Could Crypto Overtake Traditional Investment?
1,284 days Americans Still Quitting Jobs At Record Pace
1,286 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,289 days Is The Dollar Too Strong?
1,289 days Big Tech Disappoints Investors on Earnings Calls
1,290 days Fear And Celebration On Twitter as Musk Takes The Reins
1,292 days China Is Quietly Trying To Distance Itself From Russia
1,292 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,296 days Crypto Investors Won Big In 2021
1,296 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,297 days Food Prices Are Skyrocketing As Putin’s War Persists
1,299 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,300 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,303 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,304 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,304 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,306 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

EUR/USD: Monitor The Key Resistance at 1.3906

By - May 06, 2014, 5:44 AM CDT

EUR/USD continues to consolidate after its rise from 1.3673 (04/04/2014 low) to 1.3906 (11/04/2014 high). The technical structure remains supportive as long as the support at 1.3780 (09/04/2014 low) holds. Furthermore, Friday's intraday bullish reversal confirms a persistent buying interest. Monitor the key resistance at 1.3906. An hourly support can be found at 1.3859 (intraday low).

In the longer term, EUR/USD is still in a succession of higher highs and higher lows. However, the recent marginal new highs (suggesting a potential long-term rising wedge) indicate an exhausted rise. As a result, we see a limited upside potential, especially given the key resistance at 1.3967 (13/03/2014 high).

Daily Technical Report