ISE FX Euro: the upside prevails.

By IBTimes Staff Reporter | January 06 2010 9:50 AM

Update on supports and resistances.Resistance3 : 73Resistance2 : 72Resistance1 : 70.5Last Price : 69.64Pivot Point: 67.8Support1 : 67.8Support2 : 66.5Support3 : 65.5Pivot: 67.8Our 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.737270.569.64 (last)67.866.565.5*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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