ISE FX Euro: bounce.

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Update on supports and resistances.

Resistance3 : 75
Resistance2 : 73
Resistance1 : 72
Last Price : 71.6
Pivot Point: 69.35
Support1 : 69.35
Support2 : 68.5
Support3 : 67.4

Pivot: 69.35

Our preference: Long positions above 69.35 with targets @ 72 & 73 in extension.

Alternative scenario: Below 69.35 look for further downside with 68.5 & 67.4 as targets.

Comment: the pair has validated a bullish flag and should post a further up move, the RSI is still supported by a rising trend line.

75
73
72
71.6 (last)
69.35
68.5
67.4

*USD/EUR Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the EURO. For details go to www.ise.com

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