Commodity Prices

Gold •773 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,756.90	+24.70	+1.43%
WTI Crude •1 day	82.40	+1.15	+1.42%
Gasoline •1 day	3.184	+0.056	+1.79%
Ethanol •773 days	2.161	+0.000	+0.00%
Silver •773 days	30.82	+1.16	+3.92%

Silver • 773 days	30.82	+1.16	+3.92%
Copper • 773 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	88.52	+1.45	+1.67%
Natural Gas • 1 day	2.733	+0.006	+0.22%
Heating Oil • 1 day	4.283	+0.032	+0.76%

Headlines

1,158 days Will The ECB Continue To Hike Rates?
1,158 days Forbes: Aramco Remains Largest Company In The Middle East
1,160 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,560 days Could Crypto Overtake Traditional Investment?
1,565 days Americans Still Quitting Jobs At Record Pace
1,567 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,570 days Is The Dollar Too Strong?
1,570 days Big Tech Disappoints Investors on Earnings Calls
1,571 days Fear And Celebration On Twitter as Musk Takes The Reins
1,573 days China Is Quietly Trying To Distance Itself From Russia
1,573 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,577 days Crypto Investors Won Big In 2021
1,577 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,578 days Food Prices Are Skyrocketing As Putin’s War Persists
1,580 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,581 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,584 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,585 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,585 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,587 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…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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