Commodity Prices

Gold •400 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,345.80	-8.40	-0.62%
WTI Crude •10 mins	64.02	+0.14	+0.22%
Gasoline •10 mins	2.086	+0.008	+0.40%
Ethanol •400 days	2.161	+0.000	+0.00%
Silver •400 days	30.82	+1.16	+3.92%

Silver • 400 days	30.82	+1.16	+3.92%
Copper • 400 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.71	+0.28	+0.42%
Natural Gas • 10 mins	3.005	-0.062	-2.02%
Heating Oil • 10 mins	2.294	+0.027	+1.19%

Headlines

785 days Will The ECB Continue To Hike Rates?
785 days Forbes: Aramco Remains Largest Company In The Middle East
787 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,187 days Could Crypto Overtake Traditional Investment?
1,192 days Americans Still Quitting Jobs At Record Pace
1,194 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,197 days Is The Dollar Too Strong?
1,197 days Big Tech Disappoints Investors on Earnings Calls
1,198 days Fear And Celebration On Twitter as Musk Takes The Reins
1,200 days China Is Quietly Trying To Distance Itself From Russia
1,200 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,204 days Crypto Investors Won Big In 2021
1,204 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,205 days Food Prices Are Skyrocketing As Putin’s War Persists
1,207 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,208 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,211 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,212 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,212 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,214 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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