Commodity Prices

Gold •482 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,598.20	+13.40	+0.85%
WTI Crude •11 mins	60.23	+0.08	+0.13%
Gasoline •56 mins	1.935	+0.009	+0.48%
Ethanol •482 days	2.161	+0.000	+0.00%
Silver •482 days	30.82	+1.16	+3.92%

Silver • 482 days	30.82	+1.16	+3.92%
Copper • 482 days	4.530	+0.111	+2.51%
Brent Crude • 18 mins	64.55	+0.15	+0.23%
Natural Gas • 13 mins	3.238	-0.107	-3.20%
Heating Oil • 32 mins	2.388	+0.001	+0.03%

Headlines

866 days Will The ECB Continue To Hike Rates?
867 days Forbes: Aramco Remains Largest Company In The Middle East
868 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,268 days Could Crypto Overtake Traditional Investment?
1,273 days Americans Still Quitting Jobs At Record Pace
1,275 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,278 days Is The Dollar Too Strong?
1,278 days Big Tech Disappoints Investors on Earnings Calls
1,279 days Fear And Celebration On Twitter as Musk Takes The Reins
1,281 days China Is Quietly Trying To Distance Itself From Russia
1,281 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,285 days Crypto Investors Won Big In 2021
1,285 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,286 days Food Prices Are Skyrocketing As Putin’s War Persists
1,288 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,289 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,292 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,293 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,293 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,295 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Unimpressive Bounce Thus Far

By - Aug 01, 2014, 6:00 AM CDT

EUR/USD is in an underlying downtrend. However, the last two days have displayed large lower shadows, indicating potential short-term exhaustion in selling pressures near the hourly support at 1.3367. A break of the initial resistance at 1.3415 is needed to suggest a pickup in buying interest. Hourly resistances can be found at 1.3444 (28/07/2014 high) and 1.3485 (24/07/2014 high).

In the longer term, EUR/USD is in a succession of lower highs and lower lows since May 2014. The downside risk implied by the double-top formation (1.3379) has been met. However, another downside risk is given by 1.3210 (second leg lower after the rebound from 1.3503 to 1.3700). A strong support stands at 1.3296 (07/11/2013 low). A key resistance lies at 1.3549 (21/07/2014 high).

Daily Technical Report