Commodity Prices

Gold •15 mins	1,753.40	+2.00	+0.11%
Platinum •15 mins	911.40	-19.20	-2.06%
WTI Crude •10 mins	71.21	-0.76	-1.06%
Gasoline •23 mins	2.155	-0.017	-0.77%
Ethanol •7 hours	2.207	+0.000	+0.00%
Silver •15 mins	22.47	+0.13	+0.60%

Silver • 15 mins	22.47	+0.13	+0.60%
Copper • 15 mins	4.155	-0.092	-2.15%
Brent Crude • 11 mins	74.75	-0.59	-0.78%
Natural Gas • 10 mins	5.016	-0.089	-1.74%
Heating Oil • 10 mins	2.185	-0.024	-1.09%

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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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