ISE FX Euro: bounce.

By IBTimes Staff Reporter | February 01 2010 9:20 AM

Update on supports and resistances.Resistance3 : 76.15Resistance2 : 75Resistance1 : 73Last Price : 71.82Pivot Point: 69.5Support1 : 69.5Support2 : 68.5Support3 : 67.4Pivot: 69.5Our preference: Long positions above 69.5 with targets @ 73 & 75 in extension.Alternative scenario: Below 69.5 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.76.15757371.82 (last)69.568.567.4*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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