Commodity Prices

Gold •646 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,065.20	-46.90	-2.22%
WTI Crude •3 hours	95.81	-2.06	-2.10%
Gasoline •3 hours	3.016	+0.015	+0.51%
Ethanol •646 days	2.161	+0.000	+0.00%
Silver •646 days	30.82	+1.16	+3.92%

Silver • 646 days	30.82	+1.16	+3.92%
Copper • 646 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	95.20	-0.72	-0.75%
Natural Gas • 3 hours	2.652	-0.018	-0.67%
Heating Oil • 3 hours	3.745	-0.192	-4.87%

Headlines

1,030 days Will The ECB Continue To Hike Rates?
1,031 days Forbes: Aramco Remains Largest Company In The Middle East
1,032 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,432 days Could Crypto Overtake Traditional Investment?
1,437 days Americans Still Quitting Jobs At Record Pace
1,439 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,442 days Is The Dollar Too Strong?
1,442 days Big Tech Disappoints Investors on Earnings Calls
1,443 days Fear And Celebration On Twitter as Musk Takes The Reins
1,445 days China Is Quietly Trying To Distance Itself From Russia
1,445 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,449 days Crypto Investors Won Big In 2021
1,449 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,450 days Food Prices Are Skyrocketing As Putin’s War Persists
1,452 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,453 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,456 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,457 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,457 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,459 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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