Commodity Prices

Gold •733 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,621.90	-21.20	-1.29%
WTI Crude •11 mins	69.29	+0.74	+1.08%
Gasoline •13 mins	3.021	+0.017	+0.57%
Ethanol •733 days	2.161	+0.000	+0.00%
Silver •733 days	30.82	+1.16	+3.92%

Silver • 733 days	30.82	+1.16	+3.92%
Copper • 733 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	72.79	+0.80	+1.11%
Natural Gas • 11 mins	3.264	+0.019	+0.59%
Heating Oil • 13 mins	3.328	+0.030	+0.91%

Headlines

1,118 days Will The ECB Continue To Hike Rates?
1,118 days Forbes: Aramco Remains Largest Company In The Middle East
1,120 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,520 days Could Crypto Overtake Traditional Investment?
1,524 days Americans Still Quitting Jobs At Record Pace
1,526 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,529 days Is The Dollar Too Strong?
1,530 days Big Tech Disappoints Investors on Earnings Calls
1,531 days Fear And Celebration On Twitter as Musk Takes The Reins
1,532 days China Is Quietly Trying To Distance Itself From Russia
1,533 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,537 days Crypto Investors Won Big In 2021
1,537 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,538 days Food Prices Are Skyrocketing As Putin’s War Persists
1,540 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,540 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,544 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,544 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,544 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,547 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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: Bouncing Near The Support at 1.3503

By - Jun 17, 2014, 4:23 AM CDT

EUR/USD's bullish intraday reversal on 5 June has created a key support at 1.3503, favouring a consolidation phase. However, a short-term bearish bias is favoured as long as prices remain below the hourly resistance at 1.3602 (10/06/2014 high). Another resistance stands at 1.3677.

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).

Daily Technical Report