ISE FX Euro: caution.

By @ibtimes on

Update on supports and resistances.

Resistance3 : 72
Resistance2 : 70
Resistance1 : 68.5
Last Price : 67.98
Pivot Point: 68.5
Support1 : 65.5
Support2 : 63.3
Support3 : 62

Pivot: 68.5

Our preference: Short positions below 68.5 with targets @ 65.5 & 63.3 in extension.

Alternative scenario: Above 68.5 look for further upside with 70 & 72 as targets.

Comment: the pair is approaching its bearish channel uppper boundary.

72
70
68.5
67.98 (last)
65.5
63.3
62

*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

Join the Discussion