Commodity Prices

Gold •390 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,410.00	-9.80	-0.69%
WTI Crude •10 mins	66.85	+0.14	+0.21%
Gasoline •20 mins	2.143	+0.008	+0.35%
Ethanol •390 days	2.161	+0.000	+0.00%
Silver •390 days	30.82	+1.16	+3.92%

Silver • 390 days	30.82	+1.16	+3.92%
Copper • 390 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.16	+0.12	+0.17%
Natural Gas • 12 mins	3.045	+0.057	+1.91%
Heating Oil • 15 mins	2.420	-0.006	-0.26%

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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…

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EUR/USD - Making Fresh 9-Year Lows

By - Jan 08, 2015, 3:09 PM CST

EUR/USD has broken its support at 1.1877 (07/06/2010 low), confirming a strong bearish momentum. Another key support now lies at 1.1640. Hourly resistances can be found at 1.1897 (intraday high) and 1.1976 (intraday high).

In the longer term, the break of the strong support area between 1.2043 (24/07/2012 low) and 1.1877 (07/06/2010 low) confirms the underlying bearish trend. The long-term symmetrical triangle favours further significant weakness. Key supports can be found at 1.1640 (15/11/2005) and 1.0765 (03/09/2003 low), whereas a key resistance stands at 1.2252 (25/12/2014 high).

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