Commodity Prices

Gold •746 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,587.90	-24.60	-1.53%
WTI Crude •11 mins	82.31	-0.18	-0.22%
Gasoline •11 mins	3.381	-0.012	-0.36%
Ethanol •746 days	2.161	+0.000	+0.00%
Silver •746 days	30.82	+1.16	+3.92%

Silver • 746 days	30.82	+1.16	+3.92%
Copper • 746 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	87.95	-0.15	-0.17%
Natural Gas • 10 mins	2.858	-0.053	-1.82%
Heating Oil • 11 mins	4.146	+0.081	+2.00%

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EUR/GBP - Making New Lows

By - Jul 16, 2014, 5:47 AM CDT

EUR/GBP declined sharply yesterday. The support at 0.7915 has been breached, confirming an underlying downtrend. A resistance stands at 0.7981, while a break of the hourly resistance at 0.8034 is needed to invalidate the bearish technical structure.

In the longer term, the break of the key support area between 0.8082 (01/01/2013 low) and 0.8065 (05/06/2014 low) opens the way for a full retracement of the rise that started at 0.7755 (23/07/2012 low). Another strong support stands at 0.7694 (20/10/2008 low). A break of the resistance at 0.8153 (29/05/2014 high) is needed to suggest some exhaustion in the long-term selling pressures.

Daily Technical Report