Commodity Prices

Gold •617 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,098.60	-66.90	-3.09%
WTI Crude •11 mins	93.62	-2.11	-2.20%
Gasoline •11 mins	2.923	-0.041	-1.39%
Ethanol •617 days	2.161	+0.000	+0.00%
Silver •617 days	30.82	+1.16	+3.92%

Silver • 617 days	30.82	+1.16	+3.92%
Copper • 617 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	98.97	-1.49	-1.48%
Natural Gas • 11 mins	3.170	-0.063	-1.95%
Heating Oil • 11 mins	3.835	-0.064	-1.65%

Headlines

1,002 days Will The ECB Continue To Hike Rates?
1,002 days Forbes: Aramco Remains Largest Company In The Middle East
1,004 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,404 days Could Crypto Overtake Traditional Investment?
1,409 days Americans Still Quitting Jobs At Record Pace
1,411 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,414 days Is The Dollar Too Strong?
1,414 days Big Tech Disappoints Investors on Earnings Calls
1,415 days Fear And Celebration On Twitter as Musk Takes The Reins
1,417 days China Is Quietly Trying To Distance Itself From Russia
1,417 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,421 days Crypto Investors Won Big In 2021
1,421 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,422 days Food Prices Are Skyrocketing As Putin’s War Persists
1,424 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,425 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,428 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,429 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,429 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,431 days Are NFTs About To Take Over Gaming?

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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