Commodity Prices

Gold •341 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,221.80	+7.30	+0.60%
WTI Crude •10 mins	65.56	+0.27	+0.41%
Gasoline •13 mins	2.103	+0.008	+0.39%
Ethanol •341 days	2.161	+0.000	+0.00%
Silver •341 days	30.82	+1.16	+3.92%

Silver • 341 days	30.82	+1.16	+3.92%
Copper • 341 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.34	+0.30	+0.45%
Natural Gas • 12 mins	3.633	-0.002	-0.06%
Heating Oil • 14 mins	2.152	+0.005	+0.25%

Headlines

726 days Will The ECB Continue To Hike Rates?
726 days Forbes: Aramco Remains Largest Company In The Middle East
728 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,127 days Could Crypto Overtake Traditional Investment?
1,132 days Americans Still Quitting Jobs At Record Pace
1,134 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,137 days Is The Dollar Too Strong?
1,137 days Big Tech Disappoints Investors on Earnings Calls
1,138 days Fear And Celebration On Twitter as Musk Takes The Reins
1,140 days China Is Quietly Trying To Distance Itself From Russia
1,140 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,144 days Crypto Investors Won Big In 2021
1,144 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,145 days Food Prices Are Skyrocketing As Putin’s War Persists
1,148 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,148 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,151 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,152 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,152 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,154 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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: Declining Sharply

By - May 12, 2014, 5:54 AM CDT

EUR/USD has declined sharply after its bearish reversal near the key resistance at 1.3967. The support at 1.3780 has been broken. A key support lies at 1.3673 (see also the rising wedge). Resistances for a short-term rebound are given by 1.3812 (02/05/2014 low) and 1.3871 (intraday high).

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. A break of the key support at 1.3643 (27/02/2014 low) is needed to confirm a long-term bearish trend reversal.

Daily Technical Report