"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •15 mins | 1,515.10 | +8.90 | +0.59% |
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Platinum •15 mins | 942.60 | +0.20 | +0.02% |
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WTI Crude •1 day | 58.09 | -0.10 | -0.17% |
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Gasoline •1 day | 1.647 | -0.016 | -0.97% |
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Ethanol •1 day | 1.362 | -0.012 | -0.87% |
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Silver •15 mins | 17.85 | -0.04 | -0.20% |
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Silver • 15 mins | 17.85 | -0.04 | -0.20% | |
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Copper • 15 mins | 2.607 | -0.002 | -0.08% | |
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Brent Crude • 1 day | 63.20 | -0.13 | -0.21% | |
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Natural Gas • 1 day | 2.555 | -0.014 | -0.54% | |
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Heating Oil • 1 day | 1.982 | -0.017 | -0.87% |
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Modern monetary theory has been…
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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