Commodity Prices

Gold •10 mins	1,842.30	-4.90	-0.27%
Platinum •10 mins	887.30	+0.50	+0.06%
WTI Crude •10 mins	88.91	+0.09	+0.10%
Gasoline •11 mins	2.406	-0.006	-0.24%
Ethanol •12 hours	2.161	+0.000	+0.00%
Silver •10 mins	21.31	-0.11	-0.52%

Silver • 10 mins	21.31	-0.11	-0.52%
Copper • 10 mins	3.628	-0.014	-0.37%
Brent Crude • 10 mins	90.70	-0.01	-0.01%
Natural Gas • 11 mins	2.836	-0.004	-0.14%
Heating Oil • 11 mins	3.197	-0.026	-0.79%

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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.

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