Commodity Prices

Gold •125 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,007.20	+0.50	+0.05%
WTI Crude •10 mins	72.07	+0.08	+0.11%
Gasoline •27 mins	2.044	-0.001	-0.04%
Ethanol •125 days	2.161	+0.000	+0.00%
Silver •125 days	30.82	+1.16	+3.92%

Silver • 125 days	30.82	+1.16	+3.92%
Copper • 125 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	75.53	+0.45	+0.60%
Natural Gas • 10 mins	2.694	+0.024	+0.90%
Heating Oil • 16 mins	2.301	-0.003	-0.14%

Headlines

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

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - A New Test of The Support at 1.2501 is Favoured

By - Oct 23, 2014, 6:07 AM CDT

EUR/USD continues to weaken, as can be seen by the break of the hourly support at 1.2706 (see also the rising channel). A further decline towards the key support at 1.2501 is favoured. An hourly support can be found at 1.2625 (15/10/2014 low). An hourly resistance now lies at 1.2743 (intraday high).

In the longer term, EUR/USD is in a downtrend since May 2014. The break of the strong support area between 1.2755 (09/07/2013 low) and 1.2662 (13/11/2012 low) has opened the way for a decline towards the strong support at 1.2043 (24/07/2012 low). As a result, the recent strength in EUR/USD is seen as a countertrend move. A key resistance stands at 1.2995 (16/09/2014 high).

Daily Technical Report