Commodity Prices

Gold •470 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,741.40	-13.70	-0.78%
WTI Crude •11 mins	57.35	-0.11	-0.19%
Gasoline •11 mins	1.809	-0.003	-0.17%
Ethanol •470 days	2.161	+0.000	+0.00%
Silver •470 days	30.82	+1.16	+3.92%

Silver • 470 days	30.82	+1.16	+3.92%
Copper • 470 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	60.95	-0.11	-0.18%
Natural Gas • 11 mins	2.925	-0.013	-0.44%
Heating Oil • 11 mins	2.150	-0.003	-0.14%

Headlines

854 days Will The ECB Continue To Hike Rates?
855 days Forbes: Aramco Remains Largest Company In The Middle East
856 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,256 days Could Crypto Overtake Traditional Investment?
1,261 days Americans Still Quitting Jobs At Record Pace
1,263 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,266 days Is The Dollar Too Strong?
1,266 days Big Tech Disappoints Investors on Earnings Calls
1,267 days Fear And Celebration On Twitter as Musk Takes The Reins
1,269 days China Is Quietly Trying To Distance Itself From Russia
1,269 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,273 days Crypto Investors Won Big In 2021
1,273 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,274 days Food Prices Are Skyrocketing As Putin’s War Persists
1,276 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,277 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,280 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,281 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,281 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,283 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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 – Dollar's Sell-Off Continues

By - Aug 19, 2016, 6:48 AM CDT

EUR/USD continues to increase after breaking hourly resistance at 1.1234 (02/08/2016 low). Buying pressures are important. Strong resistance is given at 1.1428 (23/06/2016 high). Hourly support can be found at 1.1046 (05/08/2016 low). Expected to further increase.

In the longer term, the technical structure favours a very long-term bearish bias as long 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