Commodity Prices

Gold •15 mins	1,768.90	+5.10	+0.29%
Platinum •15 mins	916.70	+17.50	+1.95%
WTI Crude •34 mins	71.04	+0.75	+1.07%
Gasoline •12 mins	2.129	+0.014	+0.64%
Ethanol •9 hours	2.207	+0.000	+0.00%
Silver •15 mins	22.58	+0.37	+1.67%

Silver • 15 mins	22.58	+0.37	+1.67%
Copper • 15 mins	4.162	+0.047	+1.14%
Brent Crude • 11 mins	74.74	+0.82	+1.11%
Natural Gas • 10 mins	5.020	+0.035	+0.70%
Heating Oil • 11 mins	2.186	+0.027	+1.25%

Headlines

4 days Quantum Computing Is The Newest Megatrend In Silicon Valley
5 days How To Invest In The Cybersecurity Boom
7 days Investors Are Patient With Unprofitable Giants
9 days Wells Fargo Back In The Scandal Spotlight Once Again
11 days 5 Stocks To Keep A Close Eye On This Year
12 days As Auto Giants Flail, Look To Chip Stocks For Gains
13 days Central America Is Ready For The Bitcoin Hustle
15 days China’s Video Game Restrictions Unlikely To Slow Down Booming Industry
16 days Top Performing Stocks As Inflation Fears Grow
17 days US Airline Stocks Take A Beating On New EU Restrictions
18 days This IPO Could Open Sustainable Fashion Floodgates
19 days Crypto Crime Nets Another $2B Fraudster
21 days This Week’s Hottest Meme Stocks
22 days Why World Markets Should Be Watching Germany Closely
24 days Could ‘Cultured’ Meat Rival The Plant-Based Megatrend?
26 days ‘Easy Money’: Crypto Is Still Attracting Newbie Investors
28 days Foreign Syndicates May Have Stolen Up To $400B In COVID Benefits
29 days Gold Jumps Above $1800 Ahead Of Jackson Hole Summit
29 days International Banks Blacklist Afghanistan Following Taliban Takeover
31 days China’s Tycoons Are Getting A Serious Reality Check

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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 - Bearish Momentum Starts To Fade

By - Oct 19, 2016, 7:00 AM CDT

EUR/USD still lies within a bearish momentum despite ongoing retracement. Hourly support given at 1.0952 (25/07/2016 low) is on target. Hourly resistance can be found at 1.1058 (13/10/2016 high). Key resistance is located far away at 1.1352 (18/08/2016 high). Further consolidation is favoured.

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