Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	957.70	-37.50	-3.77%
WTI Crude •10 mins	66.61	-5.10	-7.11%
Gasoline •10 mins	2.159	-0.173	-7.40%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.90	-5.05	-6.74%
Natural Gas • 10 mins	4.144	+0.089	+2.19%
Heating Oil • 10 mins	2.182	-0.141	-6.05%

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EUR/USD: Challenging its Recent Lows

By - Jun 03, 2014, 5:28 AM CDT

EUR/USD remains in a short-term bearish technical structure as long as prices stay below the resistance at 1.3650 (27/05/2014 high, see also the declining trendline). Monitor the test of the hourly support at 1.3586. Another support stands at 1.3562 (12/02/2014 low), whereas another resistance lies at 1.3734 (19/05/2014 high).

In the longer term, the break of the long-term rising wedge (see also the support at 1.3673) indicates a clear deterioration of the technical structure. The long-term downside risk implied by the double-top formation is 1.3379. Key supports can be found at 1.3477 (03/02/2014 low) and 1.3296 (07/11/2013 low).

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