Commodity Prices

Gold •339 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,168.10	+31.60	+2.78%
WTI Crude •22 hours	64.58	+1.21	+1.91%
Gasoline •22 hours	2.077	+0.014	+0.67%
Ethanol •339 days	2.161	+0.000	+0.00%
Silver •339 days	30.82	+1.16	+3.92%

Silver • 339 days	30.82	+1.16	+3.92%
Copper • 339 days	4.530	+0.111	+2.51%
Brent Crude • 21 hours	66.47	+1.13	+1.73%
Natural Gas • 22 hours	3.784	+0.107	+2.91%
Heating Oil • 22 hours	2.125	+0.031	+1.47%

Headlines

723 days Will The ECB Continue To Hike Rates?
723 days Forbes: Aramco Remains Largest Company In The Middle East
725 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,125 days Could Crypto Overtake Traditional Investment?
1,130 days Americans Still Quitting Jobs At Record Pace
1,132 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,135 days Is The Dollar Too Strong?
1,135 days Big Tech Disappoints Investors on Earnings Calls
1,136 days Fear And Celebration On Twitter as Musk Takes The Reins
1,138 days China Is Quietly Trying To Distance Itself From Russia
1,138 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,142 days Crypto Investors Won Big In 2021
1,142 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,143 days Food Prices Are Skyrocketing As Putin’s War Persists
1,145 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,146 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,149 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,150 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,150 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,152 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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 - Recent Strength Still Viewed as Temporary

By - Jul 09, 2014, 6:04 AM CDT

EUR/USD is bouncing. The hourly resistance at 1.3621 has been breached. However, we continue to favour an eventual decline towards the support at 1.3503 as long as prices remain below the resistance at 1.3664 (03/07/2014 high). An hourly support can now be found at 1.3576.

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. A long-term downside risk at 1.3379 (implied by the double-top formation) is favoured as long as prices remain below the resistance at 1.3775. Key supports can be found at 1.3477 (03/02/2014 low) and 1.3296 (07/11/2013 low).

Daily Technical Report