Commodity Prices

Gold •625 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,970.50	+26.80	+1.38%
WTI Crude •9 hours	98.23	+2.68	+2.80%
Gasoline •9 hours	3.286	+0.159	+5.09%
Ethanol •625 days	2.161	+0.000	+0.00%
Silver •625 days	30.82	+1.16	+3.92%

Silver • 625 days	30.82	+1.16	+3.92%
Copper • 625 days	4.530	+0.111	+2.51%
Brent Crude • 8 hours	112.19	+3.54	+3.26%
Natural Gas • 9 hours	3.095	-0.071	-2.24%
Heating Oil • 9 hours	4.608	+0.266	+6.14%

Headlines

1,010 days Will The ECB Continue To Hike Rates?
1,010 days Forbes: Aramco Remains Largest Company In The Middle East
1,012 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,412 days Could Crypto Overtake Traditional Investment?
1,416 days Americans Still Quitting Jobs At Record Pace
1,418 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,421 days Is The Dollar Too Strong?
1,422 days Big Tech Disappoints Investors on Earnings Calls
1,423 days Fear And Celebration On Twitter as Musk Takes The Reins
1,424 days China Is Quietly Trying To Distance Itself From Russia
1,425 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,429 days Crypto Investors Won Big In 2021
1,429 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,430 days Food Prices Are Skyrocketing As Putin’s War Persists
1,432 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,432 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,436 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,436 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,436 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,439 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

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: Bullish Breakout of The Key Resistance at 1.3906

By - May 07, 2014, 5:17 AM CDT

EUR/USD has broken to the upside out of its recent consolidation between 1.3780 (09/04/2014 low) and 1.3906 (11/04/2014 high), opening the way for a test of the key resistance at 1.3967. Hourly supports can be found at 1.3906 (previous resistance) and 1.3865 (05/05/2014 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 medium-term limited upside potential, especially given the key resistance at 1.3967 (13/03/2014 high) and the increasing overbought conditions.

Daily Technical Report