ISE FX Euro: the upside prevails.

 @ibtimes
on February 09 2010 9:20 AM

Update on supports and resistances.Resistance3 : 76.15Resistance2 : 75Resistance1 : 73.5Last Price : 72.74Pivot Point: 71Support1 : 71Support2 : 69.5Support3 : 68.5Pivot: 71Our preference: Long positions above 71 with targets @ 73.5 & 75 in extension.Alternative scenario: Below 71 look for further downside with 69.5 & 68.5 as targets.Comment: the pair stands within a bullish channel and is approaching its resistance.76.157573.572.74 (last)7169.568.5*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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