Commodity Prices

Gold •462 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,678.00	+51.40	+3.16%
WTI Crude •11 mins	61.96	-0.59	-0.94%
Gasoline •15 mins	1.899	-0.011	-0.57%
Ethanol •462 days	2.161	+0.000	+0.00%
Silver •462 days	30.82	+1.16	+3.92%

Silver • 462 days	30.82	+1.16	+3.92%
Copper • 462 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	66.25	+0.80	+1.22%
Natural Gas • 11 mins	3.338	+0.005	+0.15%
Heating Oil • 14 mins	2.278	-0.013	-0.57%

Headlines

846 days Will The ECB Continue To Hike Rates?
847 days Forbes: Aramco Remains Largest Company In The Middle East
848 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,248 days Could Crypto Overtake Traditional Investment?
1,253 days Americans Still Quitting Jobs At Record Pace
1,255 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,258 days Is The Dollar Too Strong?
1,258 days Big Tech Disappoints Investors on Earnings Calls
1,259 days Fear And Celebration On Twitter as Musk Takes The Reins
1,261 days China Is Quietly Trying To Distance Itself From Russia
1,261 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,265 days Crypto Investors Won Big In 2021
1,265 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,266 days Food Prices Are Skyrocketing As Putin’s War Persists
1,268 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,269 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,272 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,273 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,273 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,275 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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 - Persistent Selling Pressures in Place

By - Dec 08, 2014, 5:30 AM CST

EUR/USD has made new lows, confirming persistent short-term selling pressures. Hourly supports lies at 1.2352 (intraday low) and 1.2280. Hourly resistances for a short-term countertrend move can now be found at 1.2303 and 1.2452 (see also the declining trendline).

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) calls for a decline towards the strong support at 1.2043 (24/07/2012 low). A key resistance stands at 1.2600 (19/11/2014 high).

Daily Technical Report