Commodity Prices

Gold •15 mins	2,413.80	+15.80	+0.66%
Platinum •14 mins	943.80	-10.70	-1.12%
WTI Crude •17 hours	83.14	+0.41	+0.50%
Gasoline •17 hours	2.710	-0.003	-0.13%
Ethanol •15 hours	2.161	+0.000	+0.00%
Silver •14 mins	28.84	+0.46	+1.63%

Silver • 14 mins	28.84	+0.46	+1.63%
Copper • 14 mins	4.498	+0.061	+1.37%
Brent Crude • 16 hours	87.29	+0.18	+0.21%
Natural Gas • 17 hours	1.752	-0.005	-0.28%
Heating Oil • 17 hours	2.541	+0.007	+0.29%

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EUR/USD: Grinding Higher

By - Jun 25, 2014, 5:31 AM CDT

EUR/USD is grinding higher within the horizontal range between 1.3503 and 1.3677. An hourly support lies at 1.3565 (20/06/2014 low, see also the 61.8% retracement). An hourly resistance can be found at 1.3644 (19/06/2014 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).

Daily Technical Report