ISE FX Euro* ST: under pressure.

 @ibtimes
on September 22 2009 10:50 AM

Update on supports and resistances.Resistance3 : 74.3Resistance2 : 72Resistance1 : 70Last Price : 67.6Pivot Point: 70Support1 : 67Support2 : 65.5Support3 : 63.3Pivot: 70Our 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.74.3727067.6 (last)6765.563.3*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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