Commodity Prices

Gold •372 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,415.00	+2.50	+0.18%
WTI Crude •10 mins	66.85	+0.28	+0.42%
Gasoline •13 mins	2.158	+0.005	+0.25%
Ethanol •372 days	2.161	+0.000	+0.00%
Silver •372 days	30.82	+1.16	+3.92%

Silver • 372 days	30.82	+1.16	+3.92%
Copper • 372 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.85	+0.21	+0.31%
Natural Gas • 10 mins	3.367	+0.030	+0.90%
Heating Oil • 11 mins	2.394	+0.010	+0.42%

Headlines

756 days Will The ECB Continue To Hike Rates?
757 days Forbes: Aramco Remains Largest Company In The Middle East
758 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,158 days Could Crypto Overtake Traditional Investment?
1,163 days Americans Still Quitting Jobs At Record Pace
1,165 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,168 days Is The Dollar Too Strong?
1,168 days Big Tech Disappoints Investors on Earnings Calls
1,169 days Fear And Celebration On Twitter as Musk Takes The Reins
1,171 days China Is Quietly Trying To Distance Itself From Russia
1,171 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,175 days Crypto Investors Won Big In 2021
1,175 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,176 days Food Prices Are Skyrocketing As Putin’s War Persists
1,178 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,179 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,182 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,183 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,183 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,185 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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…

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