Commodity Prices

Gold •326 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,095.60	+7.20	+0.66%
WTI Crude •10 mins	61.65	+0.12	+0.20%
Gasoline •29 mins	2.114	+0.005	+0.24%
Ethanol •326 days	2.161	+0.000	+0.00%
Silver •326 days	30.82	+1.16	+3.92%

Silver • 326 days	30.82	+1.16	+3.92%
Copper • 326 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.89	+0.11	+0.17%
Natural Gas • 10 mins	3.336	+0.002	+0.06%
Heating Oil • 29 mins	2.104	-0.001	-0.02%

Headlines

710 days Will The ECB Continue To Hike Rates?
711 days Forbes: Aramco Remains Largest Company In The Middle East
712 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,112 days Could Crypto Overtake Traditional Investment?
1,117 days Americans Still Quitting Jobs At Record Pace
1,119 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,122 days Is The Dollar Too Strong?
1,122 days Big Tech Disappoints Investors on Earnings Calls
1,123 days Fear And Celebration On Twitter as Musk Takes The Reins
1,125 days China Is Quietly Trying To Distance Itself From Russia
1,125 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,129 days Crypto Investors Won Big In 2021
1,129 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,130 days Food Prices Are Skyrocketing As Putin’s War Persists
1,132 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,133 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,136 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,137 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,137 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,139 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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