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Gold •663 days	2,368.70	+35.30	+1.51%
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Gasoline •13 mins	3.495	+0.004	+0.12%
Ethanol •663 days	2.161	+0.000	+0.00%
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Silver • 663 days	30.82	+1.16	+3.92%
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Brent Crude • 43 mins	108.23	+2.90	+2.75%
Natural Gas • 18 mins	2.500	-0.050	-1.96%
Heating Oil • 24 mins	3.953	-0.022	-0.56%

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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).

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