ISE FX Euro* ST: under pressure.

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Update on supports and resistances.

Resistance3 : 74.3
Resistance2 : 72
Resistance1 : 70
Last Price : 67.6
Pivot Point: 70
Support1 : 67
Support2 : 65.5
Support3 : 63.3

Pivot: 70

Our preference: Short positions below 70 with targets @ 67 & 65.5 in extension.

Alternative scenario: Above 70 look for further upside with 72 & 74.3 as targets.

Comment: the immediate trend remains down and the momentum is strong.

74.3
72
70
67.6 (last)
67
65.5
63.3

*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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