Commodity Prices

Gold •503 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,547.30	-7.90	-0.51%
WTI Crude •11 mins	60.56	-0.18	-0.30%
Gasoline •29 mins	1.982	-0.017	-0.85%
Ethanol •503 days	2.161	+0.000	+0.00%
Silver •503 days	30.82	+1.16	+3.92%

Silver • 503 days	30.82	+1.16	+3.92%
Copper • 503 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.68	-0.21	-0.32%
Natural Gas • 11 mins	4.390	+0.019	+0.43%
Heating Oil • 18 mins	2.695	-0.006	-0.23%

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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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