Commodity Prices

Gold •430 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,386.70	+10.10	+0.73%
WTI Crude •1 day	61.87	-1.61	-2.54%
Gasoline •1 day	1.964	-0.045	-2.25%
Ethanol •430 days	2.161	+0.000	+0.00%
Silver •430 days	30.82	+1.16	+3.92%

Silver • 430 days	30.82	+1.16	+3.92%
Copper • 430 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	65.50	-1.49	-2.22%
Natural Gas • 1 day	3.048	-0.026	-0.85%
Heating Oil • 1 day	2.287	-0.044	-1.87%

Headlines

815 days Will The ECB Continue To Hike Rates?
815 days Forbes: Aramco Remains Largest Company In The Middle East
817 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,217 days Could Crypto Overtake Traditional Investment?
1,221 days Americans Still Quitting Jobs At Record Pace
1,223 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,226 days Is The Dollar Too Strong?
1,227 days Big Tech Disappoints Investors on Earnings Calls
1,228 days Fear And Celebration On Twitter as Musk Takes The Reins
1,229 days China Is Quietly Trying To Distance Itself From Russia
1,230 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,234 days Crypto Investors Won Big In 2021
1,234 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,235 days Food Prices Are Skyrocketing As Putin’s War Persists
1,237 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,237 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,241 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,241 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,242 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,244 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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