Commodity Prices

Gold •401 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,339.60	-14.60	-1.08%
WTI Crude •10 hours	63.88	+0.00	+0.00%
Gasoline •10 hours	2.086	+0.009	+0.41%
Ethanol •401 days	2.161	+0.000	+0.00%
Silver •401 days	30.82	+1.16	+3.92%

Silver • 401 days	30.82	+1.16	+3.92%
Copper • 401 days	4.530	+0.111	+2.51%
Brent Crude • 9 hours	66.59	+0.16	+0.24%
Natural Gas • 10 hours	2.990	-0.077	-2.51%
Heating Oil • 10 hours	2.279	+0.013	+0.55%

Headlines

786 days Will The ECB Continue To Hike Rates?
786 days Forbes: Aramco Remains Largest Company In The Middle East
788 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,188 days Could Crypto Overtake Traditional Investment?
1,192 days Americans Still Quitting Jobs At Record Pace
1,194 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,197 days Is The Dollar Too Strong?
1,198 days Big Tech Disappoints Investors on Earnings Calls
1,199 days Fear And Celebration On Twitter as Musk Takes The Reins
1,200 days China Is Quietly Trying To Distance Itself From Russia
1,201 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,205 days Crypto Investors Won Big In 2021
1,205 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,206 days Food Prices Are Skyrocketing As Putin’s War Persists
1,208 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,208 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,212 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,212 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,213 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,215 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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