Update on supports and resistances.
Resistance3 : 73
Resistance2 : 72
Resistance1 : 70
Last Price : 69.72
Pivot Point: 67.5
Support1 : 67.5
Support2 : 66.5
Support3 : 65.5
Our preference: Long positions above 67.5 with targets @ 70 & 72 in extension.
Alternative scenario: Below 67.5 look for further downside with 66.5 & 65.5 as targets.
Comment: the RSI is well directed, the pair has broken above its bearish channel upper boundary and should post a further up move.
*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
Forex Trader Library
Receive over 15 hours (8 CD's) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.