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Gold •711 days	2,368.70	+35.30	+1.51%
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Gasoline •1 day	3.050	-0.052	-1.66%
Ethanol •711 days	2.161	+0.000	+0.00%
Silver •711 days	30.82	+1.16	+3.92%

Silver • 711 days	30.82	+1.16	+3.92%
Copper • 711 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	87.33	-3.05	-3.37%
Natural Gas • 1 day	3.120	+0.033	+1.07%
Heating Oil • 1 day	3.404	-0.109	-3.09%

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EUR/USD - Surges Lower

By - Aug 17, 2015, 5:48 AM CDT

EUR/USD is now holding below 1.1100. Over the last month, the pair is setting higher highs. There is a short-term upside momentum. Hourly resistance lies at 1.1278 (29/06/2015 high). Stronger resistance lies at 1.1436 (18/06/2015 high). Support can be found at 1.0660 (21/04/2015 low).

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).

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