Commodity Prices

Gold •15 mins	1,879.60	-16.80	-0.89%
Platinum •15 mins	1,151.10	+5.10	+0.45%
WTI Crude •19 hours	70.91	+0.62	+0.88%
Gasoline •19 hours	2.186	-0.026	-1.18%
Ethanol •19 hours	2.460	+0.000	+0.00%
Silver •15 mins	28.15	+0.12	+0.41%

Silver • 15 mins	28.15	+0.12	+0.41%
Copper • 15 mins	4.538	+0.052	+1.17%
Brent Crude • 16 hours	72.69	+0.17	+0.23%
Natural Gas • 19 hours	3.296	+0.147	+4.67%
Heating Oil • 19 hours	2.121	-0.023	-1.06%

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EUR/USD - Riding Downtrend Channel

By - Nov 26, 2015, 6:46 AM CST

EUR/USD is consolidating around 1.0600 and remains in a downtrend channel. The technical structure is clearly negative. Hourly support at 1.0591 (23/11/2015 low) has been broken. New hourly support lies at 1.0566 (intraday low). 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 continued weakness.

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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