Commodity Prices

Gold •524 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,688.30	-12.20	-0.72%
WTI Crude •11 mins	58.45	+0.20	+0.34%
Gasoline •11 mins	1.794	+0.004	+0.22%
Ethanol •524 days	2.161	+0.000	+0.00%
Silver •524 days	30.82	+1.16	+3.92%

Silver • 524 days	30.82	+1.16	+3.92%
Copper • 524 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	62.11	+0.17	+0.27%
Natural Gas • 11 mins	4.557	-0.017	-0.37%
Heating Oil • 11 mins	2.273	+0.013	+0.58%

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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).

Daily Technical Report