Commodity Prices

Gold •10 mins	1,808.90	+3.40	+0.19%
Platinum •10 mins	966.00	-3.80	-0.39%
WTI Crude •10 mins	46.09	+1.18	+2.63%
Gasoline •38 mins	1.268	-0.020	-1.51%
Ethanol •1 day	1.370	-0.040	-2.84%
Silver •10 mins	23.27	-0.10	-0.42%

Silver • 10 mins	23.27	-0.10	-0.42%
Copper • 10 mins	3.370	+0.040	+1.19%
Brent Crude • 12 mins	48.01	+0.21	+0.44%
Natural Gas • 11 mins	2.942	-0.019	-0.64%
Heating Oil • 50 mins	1.367	-0.020	-1.44%

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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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