Commodity Prices

Gold •10 mins	1,317.90	-4.90	-0.37%
Platinum •10 mins	909.00	-3.70	-0.41%
WTI Crude •11 mins	68.15	+0.10	+0.15%
Gasoline •11 mins	2.117	+0.022	+1.06%
Ethanol •33 mins	1.461	-0.009	-0.61%
Silver •10 mins	16.49	-0.02	-0.10%

Silver • 10 mins	16.49	-0.02	-0.10%
Copper • 10 mins	3.144	-0.014	-0.43%
Brent Crude • 11 mins	73.85	+0.62	+0.85%
Natural Gas • 11 mins	2.833	+0.026	+0.93%
Heating Oil • 10 mins	2.142	+0.018	+0.86%

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EUR/GBP - Setting Lower Highs

By - Jul 29, 2015, 5:52 AM CDT

EUR/GBP has bounced back from its 8 year low. Support is given at 0.6536 (23/01/2007 low) and hourly resistance can be found at 0.7251 (16/06/2015 high). The short-term structure still shows a downside momentum as the pair is setting lower highs.

In the long-term, prices are in an underlying declining trend. The general oversold conditions suggest a limited medium-term downside potential. A key resistance lies at 0.7592 (03/02/2015 high).

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