ISE FX Euro: the upside prevails.

By IBTimes Staff Reporter | April 21 2010 9:20 AM

Update on supports and resistances.Resistance3 : 80Resistance2 : 77.5Resistance1 : 75.3Last Price : 74.69Pivot Point: 72.5Support1 : 72.5Support2 : 71Support3 : 69.5Pivot: 72.5Our preference: Long positions above 72.5 with targets @ 75.3 & 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 support as the RSI is turning up.8077.575.374.69 (last)72.57169.5*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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