Commodity Prices

Gold •372 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,430.70	+18.20	+1.29%
WTI Crude •10 mins	66.58	+0.01	+0.02%
Gasoline •10 mins	2.143	-0.009	-0.42%
Ethanol •372 days	2.161	+0.000	+0.00%
Silver •372 days	30.82	+1.16	+3.92%

Silver • 372 days	30.82	+1.16	+3.92%
Copper • 372 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.62	-0.02	-0.03%
Natural Gas • 10 mins	3.342	+0.005	+0.15%
Heating Oil • 10 mins	2.383	-0.001	-0.02%

Headlines

757 days Will The ECB Continue To Hike Rates?
757 days Forbes: Aramco Remains Largest Company In The Middle East
759 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,159 days Could Crypto Overtake Traditional Investment?
1,164 days Americans Still Quitting Jobs At Record Pace
1,165 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,169 days Is The Dollar Too Strong?
1,169 days Big Tech Disappoints Investors on Earnings Calls
1,170 days Fear And Celebration On Twitter as Musk Takes The Reins
1,171 days China Is Quietly Trying To Distance Itself From Russia
1,172 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,176 days Crypto Investors Won Big In 2021
1,176 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,177 days Food Prices Are Skyrocketing As Putin’s War Persists
1,179 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,179 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,183 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,184 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,184 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,186 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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 - Renewed Bullish Pressures

By - Jul 12, 2016, 7:05 AM CDT

EUR/USD is back above 1.1100. Hourly support is given at 1.0913 (06/07/2016 low) while hourly resistance is located at 1.1186 (05/07/2016 high). Stronger resistance is given at 1.1479 (06/05/2016 high). Sharp moves do not have to be ruled out as there are still a lot of uncertainties on asset pricing in the market. Expected to show sideways price action.

In the longer term, the technical structure favours a very long-term bearish bias as resistance at 1.1714 (24/08/2015 high) holds. The pair is trading in range since the start of 2015. Strong support is given at 1.0458 (16/03/2015 low). However, the current technical structure since last December implies a gradual increase.

Daily Technical Report