Commodity Prices

Gold •15 mins	1,866.10	-12.50	-0.67%
Platinum •15 mins	915.90	+0.80	+0.09%
WTI Crude •1 day	90.79	-0.92	-1.00%
Gasoline •1 day	2.440	-0.065	-2.61%
Ethanol •1 day	2.161	+0.000	+0.00%
Silver •15 mins	22.45	-0.29	-1.28%

Silver • 15 mins	22.45	-0.29	-1.28%
Copper • 15 mins	3.738	+0.030	+0.80%
Brent Crude • 1 day	95.31	-0.07	-0.07%
Natural Gas • 1 day	2.929	-0.016	-0.54%
Heating Oil • 1 day	3.362	+0.044	+1.33%

Headlines

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

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…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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