ISE FX Euro: the upside prevails.

  @ibtimes on

Update on supports and resistances.

Resistance3 : 73
Resistance2 : 72
Resistance1 : 70.5
Last Price : 70.02
Pivot Point: 67.8
Support1 : 67.8
Support2 : 66.5
Support3 : 65.5

Pivot: 67.8

Our preference: Long positions above 67.8 with targets @ 70.5 & 72 in extension.

Alternative scenario: Below 67.8 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 is challenging its resistance.

73
72
70.5
70.02 (last)
67.8
66.5
65.5

*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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