Commodity Prices

Gold •502 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,531.40	-24.30	-1.56%
WTI Crude •11 mins	59.72	-0.19	-0.32%
Gasoline •11 mins	1.962	-0.028	-1.40%
Ethanol •502 days	2.161	+0.000	+0.00%
Silver •502 days	30.82	+1.16	+3.92%

Silver • 502 days	30.82	+1.16	+3.92%
Copper • 502 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.91	-0.29	-0.45%
Natural Gas • 11 mins	4.268	-0.093	-2.13%
Heating Oil • 11 mins	2.620	+0.073	+2.88%

Headlines

887 days Will The ECB Continue To Hike Rates?
887 days Forbes: Aramco Remains Largest Company In The Middle East
889 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,289 days Could Crypto Overtake Traditional Investment?
1,294 days Americans Still Quitting Jobs At Record Pace
1,296 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,299 days Is The Dollar Too Strong?
1,299 days Big Tech Disappoints Investors on Earnings Calls
1,300 days Fear And Celebration On Twitter as Musk Takes The Reins
1,302 days China Is Quietly Trying To Distance Itself From Russia
1,302 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,306 days Crypto Investors Won Big In 2021
1,306 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,307 days Food Prices Are Skyrocketing As Putin’s War Persists
1,309 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,310 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,313 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,314 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,314 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,316 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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 - Trying to Bounce

By - Jan 19, 2015, 2:18 PM CST

EUR/USD has broken the key support at 1.1640 and has moved below the psychological support at 1.1500. As a result, the recent strength is seen as a temporary rebound. Hourly resistances can be found at 1.1649 and 1.1747 (intraday high). An hourly support now lies at 1.1460.

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 1.1000 (psychological support) and 1.0765 (03/09/2003 low), whereas a key resistance stands at 1.2252 (25/12/2014 high).

Daily Technical Report