ISE FX Euro: bounce.

By IBTimes Staff Reporter | January 28 2010 11:20 AM

Update on supports and resistances.Resistance3 : 75Resistance2 : 73Resistance1 : 72Last Price : 71.6Pivot Point: 69.35Support1 : 69.35Support2 : 68.5Support3 : 67.4Pivot: 69.35Our 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.75737271.6 (last)69.3568.567.4*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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