Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	968.80	-1.70	-0.18%
WTI Crude •10 mins	70.17	+0.07	+0.10%
Gasoline •12 mins	2.056	-0.004	-0.18%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.36	+0.13	+0.18%
Natural Gas • 10 mins	3.384	+0.045	+1.35%
Heating Oil • 14 mins	2.277	+0.002	+0.10%

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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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