Commodity Prices

Gold •20 mins	2,394.90	-3.10	-0.13%
Platinum •20 mins	948.60	-5.90	-0.62%
WTI Crude •10 mins	82.65	-0.08	-0.10%
Gasoline •12 mins	2.708	-0.006	-0.22%
Ethanol •1 hour	2.161	+0.000	+0.00%
Silver •20 mins	28.29	-0.09	-0.32%

Silver • 20 mins	28.29	-0.09	-0.32%
Copper • 20 mins	4.431	-0.006	-0.12%
Brent Crude • 40 mins	87.11	-0.18	-0.21%
Natural Gas • 12 mins	1.745	-0.012	-0.68%
Heating Oil • 23 mins	2.534	-0.000	-0.01%

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EUR/USD - Challenging a Strong Support Area

By - Sep 25, 2014, 6:05 AM CDT

EUR/USD continues to decline and is now testing the strong support area between 1.2755 and 1.2662. The short-term momentum is negative as long as prices remain below the hourly resistance at 1.2901 (23/09/2014 high). An initial resistance can be found at 1.2816 (22/09/2014 low).

In the longer term, EUR/USD is in a succession of lower highs and lower lows since May 2014. The strong support area between 1.2755 (09/07/2013 low) and 1.2662 (13/11/2012 low) is challenged. An eventual break lower is expected. A resistance lies at 1.2995 (16/09/2014 high).

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