Commodity Prices

Gold •801 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,797.60	-3.50	-0.19%
WTI Crude •1 day	100.05	-2.43	-2.37%
Gasoline •1 day	3.307	-0.086	-2.53%
Ethanol •801 days	2.161	+0.000	+0.00%
Silver •801 days	30.82	+1.16	+3.92%

Silver • 801 days	30.82	+1.16	+3.92%
Copper • 801 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	104.61	-3.02	-2.81%
Natural Gas • 1 day	2.831	-0.003	-0.11%
Heating Oil • 1 day	4.959	-0.098	-1.94%

Headlines

1,186 days Will The ECB Continue To Hike Rates?
1,186 days Forbes: Aramco Remains Largest Company In The Middle East
1,188 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,588 days Could Crypto Overtake Traditional Investment?
1,593 days Americans Still Quitting Jobs At Record Pace
1,595 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,598 days Is The Dollar Too Strong?
1,598 days Big Tech Disappoints Investors on Earnings Calls
1,599 days Fear And Celebration On Twitter as Musk Takes The Reins
1,601 days China Is Quietly Trying To Distance Itself From Russia
1,601 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,605 days Crypto Investors Won Big In 2021
1,605 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,606 days Food Prices Are Skyrocketing As Putin’s War Persists
1,608 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,609 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,612 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,613 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,613 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,615 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Drifting Higher

By - Jul 06, 2015, 6:05 AM CDT

EUR/USD has opened with a wide gap but the pair is now heading upwards. Hourly resistance is at 1.1278 (29/06/2015 high). Stronger resistance lies at 1.1436 (18/06/2015 high). Hourly support is given at 1.0868 (28/05/2015 low). We expect the pair to remain below 1.1100.

In the longer term, the symmetrical triangle from 2010-2014 favors further weakness towards parity. As a result, we view the recent sideways moves as a pause in an underlying declining trend. Key supports can be found at 1.0504 (21/03/2003 low) and 1.0000 (psychological support). Break to the upside would suggest a test of resistance at 1.1534 (03/02/2015 reaction high).

Daily Technical Report