Commodity Prices

Gold •311 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,001.60	+22.10	+2.26%
WTI Crude •1 day	61.02	+1.11	+1.85%
Gasoline •1 day	2.108	+0.023	+1.10%
Ethanol •311 days	2.161	+0.000	+0.00%
Silver •311 days	30.82	+1.16	+3.92%

Silver • 311 days	30.82	+1.16	+3.92%
Copper • 311 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	63.91	+1.07	+1.70%
Natural Gas • 1 day	3.795	+0.203	+5.65%
Heating Oil • 1 day	2.066	+0.026	+1.29%

Headlines

696 days Will The ECB Continue To Hike Rates?
696 days Forbes: Aramco Remains Largest Company In The Middle East
698 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,098 days Could Crypto Overtake Traditional Investment?
1,102 days Americans Still Quitting Jobs At Record Pace
1,104 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,107 days Is The Dollar Too Strong?
1,108 days Big Tech Disappoints Investors on Earnings Calls
1,109 days Fear And Celebration On Twitter as Musk Takes The Reins
1,110 days China Is Quietly Trying To Distance Itself From Russia
1,111 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,115 days Crypto Investors Won Big In 2021
1,115 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,116 days Food Prices Are Skyrocketing As Putin’s War Persists
1,118 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,118 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,122 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,122 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,123 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,125 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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 - 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).

Daily Technical Report