ISE FX Euro: the upside prevails.

By IBTimes Staff Reporter | April 29 2010 10:50 AM

Update on supports and resistances.Resistance3 : 80Resistance2 : 77.5Resistance1 : 76Last Price : 75.49Pivot Point: 72.5Support1 : 72.5Support2 : 71Support3 : 69.5Pivot: 72.5Our preference: Long positions above 72.5 with targets @ 76 & 77.5 in extension.Alternative scenario: Below 72.5 look for further downside with 71 & 69.5 as targets.Comment: the pair remains on the upside and is breaking above its previous high.8077.57675.49 (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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