Commodity Prices

Gold •344 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,289.00	+13.90	+1.09%
WTI Crude •11 mins	68.55	+0.51	+0.75%
Gasoline •13 mins	2.156	+0.013	+0.59%
Ethanol •344 days	2.161	+0.000	+0.00%
Silver •344 days	30.82	+1.16	+3.92%

Silver • 344 days	30.82	+1.16	+3.92%
Copper • 344 days	4.530	+0.111	+2.51%
Brent Crude • 25 mins	69.36	-0.41	-0.59%
Natural Gas • 10 mins	3.536	+0.044	+1.26%
Heating Oil • 10 mins	2.207	+0.018	+0.82%

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EUR/USD - Approaching Declining Trend Line

By - Aug 20, 2015, 5:43 AM CDT

EUR/USD is approaching the declining trendline. 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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