Commodity Prices

Gold •135 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	945.10	+1.10	+0.12%
WTI Crude •14 hours	67.02	-1.68	-2.45%
Gasoline •14 hours	1.949	-0.032	-1.63%
Ethanol •135 days	2.161	+0.000	+0.00%
Silver •135 days	30.82	+1.16	+3.92%

Silver • 135 days	30.82	+1.16	+3.92%
Copper • 135 days	4.530	+0.111	+2.51%
Brent Crude • 13 hours	71.04	-1.52	-2.09%
Natural Gas • 14 hours	2.823	+0.038	+1.36%
Heating Oil • 14 hours	2.171	-0.041	-1.87%

Headlines

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

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - Heading Lower

By - Nov 20, 2015, 6:36 AM CST

EUR/USD remains in a downtrend channel. The technical structure is clearly negative. The pair lies above 1.0600. Hourly support is given at 1.0617 (18/11/2015). Hourly resistance can be found at 1.0763 (19/11/2015 high). Stronger resistance stands at 1.0897 (05/11/2015 high). Expected to show consolidation of the pair.

In the longer term, the technical structure favours a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range high) and 1.1640 (11/11/2005 low) is likely to cap any price appreciation. The current technical deteriorations favours a gradual decline towards the support at 1.0504 (21/03/2003 low).

Daily Technical Report