Commodity Prices

Gold •708 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,695.80	+30.10	+1.81%
WTI Crude •11 mins	85.56	-2.15	-2.45%
Gasoline •11 mins	3.051	-0.050	-1.62%
Ethanol •708 days	2.161	+0.000	+0.00%
Silver •708 days	30.82	+1.16	+3.92%

Silver • 708 days	30.82	+1.16	+3.92%
Copper • 708 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.30	-2.08	-2.30%
Natural Gas • 11 mins	3.128	+0.041	+1.33%
Heating Oil • 11 mins	3.424	-0.090	-2.55%

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EUR/USD - Challenging its Long-Term Rising Trendline

By - Jul 18, 2014, 6:07 AM CDT

EUR/USD is close to the key support at 1.3503 (see also the long-term rising trendline from the July 2012 low). An initial resistance now lies at 1.3540 (17/07/2014 high). Hourly resistances can be found at 1.3562 (15/07/2014 low) and 1.3581 (intraday 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. 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 1.3700. Key supports can be found at 1.3477 (03/02/2014 low) and 1.3296 (07/11/2013 low).

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