Commodity Prices

Gold •403 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,325.30	-14.30	-1.07%
WTI Crude •10 mins	63.67	-0.21	-0.33%
Gasoline •10 mins	2.082	-0.005	-0.22%
Ethanol •403 days	2.161	+0.000	+0.00%
Silver •403 days	30.82	+1.16	+3.92%

Silver • 403 days	30.82	+1.16	+3.92%
Copper • 403 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.46	-0.13	-0.20%
Natural Gas • 10 mins	2.917	-0.073	-2.44%
Heating Oil • 11 mins	2.264	-0.015	-0.66%

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EUR/USD - The Key Resistance at 1.2577 is Intact

By - Dec 17, 2014, 6:09 AM CST

EUR/USD moved higher towards the key resistance area between 1.2577 and 1.2600 yesterday. The short-term upside potential is likely limited by these resistances. Hourly supports are given by the short-term rising trendline (around 1.2450) and 1.2415.

Tonight's FOMC meeting can add some shortterm volatility.

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).

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