Commodity Prices

Gold •815 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,797.70	+32.00	+1.81%
WTI Crude •1 day	92.41	-2.20	-2.33%
Gasoline •1 day	3.393	-0.171	-4.80%
Ethanol •815 days	2.161	+0.000	+0.00%
Silver •815 days	30.82	+1.16	+3.92%

Silver • 815 days	30.82	+1.16	+3.92%
Copper • 815 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	104.32	-2.28	-2.14%
Natural Gas • 1 day	3.196	-0.101	-3.06%
Heating Oil • 1 day	4.685	-0.046	-0.96%

Headlines

1,200 days Will The ECB Continue To Hike Rates?
1,200 days Forbes: Aramco Remains Largest Company In The Middle East
1,202 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,602 days Could Crypto Overtake Traditional Investment?
1,606 days Americans Still Quitting Jobs At Record Pace
1,608 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,612 days Is The Dollar Too Strong?
1,612 days Big Tech Disappoints Investors on Earnings Calls
1,613 days Fear And Celebration On Twitter as Musk Takes The Reins
1,614 days China Is Quietly Trying To Distance Itself From Russia
1,615 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,619 days Crypto Investors Won Big In 2021
1,619 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,620 days Food Prices Are Skyrocketing As Putin’s War Persists
1,622 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,622 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,626 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,627 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,627 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,629 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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 - Breaking the 200-Day Moving Average

By - Aug 24, 2015, 4:44 AM CDT

EUR/USD has broken the hourly resistance at 1.1436 (18/06/2015). Over the last month, the pair is setting higher highs. There is a short-term upside momentum. Resistance lies at 1.1534 (02/02/2015 high). Support can be found at 1.0809 (20/07/2015 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).

Daily Technical Report