Commodity Prices

Gold •694 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,913.20	-14.10	-0.73%
WTI Crude •11 mins	88.79	-0.11	-0.12%
Gasoline •12 mins	3.189	+0.003	+0.10%
Ethanol •694 days	2.161	+0.000	+0.00%
Silver •694 days	30.82	+1.16	+3.92%

Silver • 694 days	30.82	+1.16	+3.92%
Copper • 694 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	92.43	-1.28	-1.37%
Natural Gas • 11 mins	3.332	+0.047	+1.43%
Heating Oil • 18 mins	3.647	+0.028	+0.78%

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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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