ISE FX Euro: the downside prevails.

By IBTimes Staff Reporter | August 03 2010 8:50 AM

Update on supports and resistances.Resistance3 : 82.3Resistance2 : 80.5Resistance1 : 78.5Last Price : 75.6Pivot Point: 78.5Support1 : 74Support2 : 72.5Support3 : 70.4Pivot: 78.5Our preference: Short positions below 78.5 with targets @ 74 & 72.5 in extension.Alternative scenario: Above 78.5 look for further upside with 80.5 & 82.3 as targets.Comment: the RSI stands within a bearish channel, the pair should face a further weakness.82.380.578.575.6 (last)7472.570.4*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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