Commodity Prices

Gold •15 mins	2,347.20	+4.70	+0.20%
Platinum •15 mins	922.10	+1.60	+0.17%
WTI Crude •8 hours	83.85	+0.28	+0.34%
Gasoline •8 hours	2.765	+0.006	+0.23%
Ethanol •6 hours	2.161	+0.000	+0.00%
Silver •15 mins	27.54	-0.10	-0.35%

Silver • 15 mins	27.54	-0.10	-0.35%
Copper • 15 mins	4.574	+0.036	+0.78%
Brent Crude • 7 hours	89.50	+0.49	+0.55%
Natural Gas • 8 hours	1.614	-0.024	-1.47%
Heating Oil • 8 hours	2.548	-0.002	-0.09%

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EUR/USD: Strong Support at 1.3643 Challenged Again

By - May 23, 2014, 5:12 AM CDT

EUR/USD is challenging again the strong support at 1.3643 (see also the 200 day moving average). A break of the resistance at 1.3734 (19/05/2014 high) is needed to confirm a shortterm exhaustion of the current selling pressures. Another resistance can be found at 1.3775 (12/05/2014 high), whereas another support lies at 1.3562 (12/02/2014 low).

In the longer term, EUR/USD has broken its long-term rising trendline (see also the support at 1.3673), indicating a clear deterioration of the underlying bullish momentum. A break of the key support at 1.3643 (27/02/2014 low) is needed to confirm a long-term bearish trend reversal (potential double-top).

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