Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	941.30	+4.90	+0.52%
WTI Crude •11 mins	69.79	+0.33	+0.48%
Gasoline •36 mins	1.953	+0.011	+0.57%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	73.24	+0.30	+0.41%
Natural Gas • 10 mins	3.888	+0.140	+3.74%
Heating Oil • 45 mins	2.253	+0.021	+0.94%

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EUR/USD - Opening The Way for a Decline Towards its October Lows

By - Oct 30, 2014, 5:25 AM CDT

EUR/USD declined sharply yesterday. The break of the support at 1.2614 calls for a test of the recent lows at 1.2501. An hourly resistance now lies at 1.2639 (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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