Commodity Prices

Gold •754 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,617.20	-15.00	-0.92%
WTI Crude •11 mins	81.84	-0.77	-0.93%
Gasoline •25 mins	3.325	-0.002	-0.07%
Ethanol •754 days	2.161	+0.000	+0.00%
Silver •754 days	30.82	+1.16	+3.92%

Silver • 754 days	30.82	+1.16	+3.92%
Copper • 754 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	87.76	-0.60	-0.68%
Natural Gas • 19 mins	2.761	-0.006	-0.22%
Heating Oil • 18 mins	4.105	-0.007	-0.17%

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EUR/USD: Grinding Higher

By - Jun 30, 2014, 5:31 AM CDT

EUR/USD continues to move towards the high of its horizontal range defined by 1.3503 and 1.3677. Monitor the test of the hourly resistance at 1.3644/1.3651. An hourly support lies at 1.3565 (20/06/2014 low, see also the 61.8% retracement).

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