Commodity Prices

Gold •661 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,030.40	-8.00	-0.39%
WTI Crude •1 day	94.40	-1.45	-1.51%
Gasoline •1 day	3.463	+0.001	+0.01%
Ethanol •661 days	2.161	+0.000	+0.00%
Silver •661 days	30.82	+1.16	+3.92%

Silver • 661 days	30.82	+1.16	+3.92%
Copper • 661 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	105.33	+0.26	+0.25%
Natural Gas • 1 day	2.523	-0.091	-3.48%
Heating Oil • 1 day	3.887	-0.101	-2.53%

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EUR/USD – Strong Bounce

By - Oct 05, 2016, 7:14 AM CDT

EUR/USD has bounced near the key support support at 1.1160 (rising trendline). A further decline towards the support at 1.1123 favoured as long as prices remain below the resistance at 1.1288 (declining trendline). Strong support can be found at 1.1046 (05/08/2016 low).

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