Commodity Prices

Gold •666 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,988.00	-6.60	-0.33%
WTI Crude •11 mins	105.20	+0.13	+0.12%
Gasoline •8 hours	3.772	+0.030	+0.81%
Ethanol •666 days	2.161	+0.000	+0.00%
Silver •666 days	30.82	+1.16	+3.92%

Silver • 666 days	30.82	+1.16	+3.92%
Copper • 666 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	111.09	+0.69	+0.62%
Natural Gas • 11 mins	2.778	+0.011	+0.40%
Heating Oil • 8 hours	4.138	-0.060	-1.44%

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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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