Commodity Prices

Gold •817 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,706.30	-38.40	-2.20%
WTI Crude •10 mins	90.67	-1.93	-2.08%
Gasoline •13 mins	3.282	-0.056	-1.68%
Ethanol •817 days	2.161	+0.000	+0.00%
Silver •817 days	30.82	+1.16	+3.92%

Silver • 817 days	30.82	+1.16	+3.92%
Copper • 817 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	103.32	-1.96	-1.86%
Natural Gas • 10 mins	3.073	-0.033	-1.06%
Heating Oil • 11 mins	4.670	-0.085	-1.79%

Headlines

1,202 days Will The ECB Continue To Hike Rates?
1,202 days Forbes: Aramco Remains Largest Company In The Middle East
1,204 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,604 days Could Crypto Overtake Traditional Investment?
1,609 days Americans Still Quitting Jobs At Record Pace
1,611 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,614 days Is The Dollar Too Strong?
1,614 days Big Tech Disappoints Investors on Earnings Calls
1,615 days Fear And Celebration On Twitter as Musk Takes The Reins
1,617 days China Is Quietly Trying To Distance Itself From Russia
1,617 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,621 days Crypto Investors Won Big In 2021
1,621 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,622 days Food Prices Are Skyrocketing As Putin’s War Persists
1,624 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,625 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,628 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,629 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,629 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,631 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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…

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 - Thin Holiday Trading Conditions Dominate

By - Dec 24, 2015, 6:43 AM CST

2015 has been a fascinating year, full of ups and downs. We canâ€™t wait to see what 2016 holds. In order be fresh and ready to tackle the new year demands, production of the Daily Technical Report will be paused from Dec 24th through Jan 4th 2016.

EUR/USD's short-term bullish momentum towards 1.1000 continues. Key support is given at 1.0796 (07/12/2015 low). Stronger support lies at 1.0524 (03/12/2015 low). Hourly resistance may be found at 1.1096 (28/10/2015 low). Expected to target again support at 1.0796.

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