ISE FX Euro: the upside prevails.

By @ibtimes on

Update on supports and resistances.

Resistance3 : 80
Resistance2 : 77.5
Resistance1 : 76.15
Last Price : 74.78
Pivot Point: 72.5
Support1 : 72.5
Support2 : 71
Support3 : 69.5

Pivot: 72.5

Our preference: Long positions above 72.5 with targets @ 76.15 & 77.5 in extension.

Alternative scenario: Below 72.5 look for further downside with 71 & 69.5 as targets.

Comment: the pair has rebounded on its bullish channel lower boundary and has broken above its resistance as the RSI is turning up.

80
77.5
76.15
74.78 (last)
72.5
71
69.5

*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

Join the Discussion