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Gold •14 mins	2,346.80	+8.40	+0.36%
Platinum •14 mins	916.60	+0.80	+0.09%
WTI Crude •10 mins	82.24	-0.57	-0.69%
Gasoline •10 mins	2.715	-0.019	-0.69%
Ethanol •18 hours	2.161	+0.000	+0.00%
Silver •14 mins	27.41	+0.06	+0.22%

Silver • 14 mins	27.41	+0.06	+0.22%
Copper • 14 mins	4.547	+0.061	+1.35%
Brent Crude • 10 mins	87.54	-0.48	-0.55%
Natural Gas • 10 mins	1.629	-0.024	-1.45%
Heating Oil • 10 mins	2.525	-0.025	-0.96%

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EUR/USD - Hits Two-Year Low

By - Dec 22, 2014, 5:46 AM CST

EUR/USD has declined further to its support at 1.2247. Hourly resistances for a temporary recovery bounce can be found at 1.2375 (intraday high, previous support) and 1.2423 (19/12/2014 high, see also the 50% retracement).

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). As a result, the recent low at 1.2247 is expected to be eventually broken. A key resistance stands at 1.2600 (19/11/2014 high).

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