Commodity Prices

Gold •823 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,722.20	+22.20	+1.31%
WTI Crude •11 mins	90.22	-0.89	-0.98%
Gasoline •16 mins	3.307	-0.006	-0.18%
Ethanol •823 days	2.161	+0.000	+0.00%
Silver •823 days	30.82	+1.16	+3.92%

Silver • 823 days	30.82	+1.16	+3.92%
Copper • 823 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	101.68	-0.57	-0.56%
Natural Gas • 11 mins	3.027	-0.008	-0.26%
Heating Oil • 13 mins	4.537	+0.036	+0.79%

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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).

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