ISE FX Euro: the upside prevails.

By IBTimes Staff Reporter | May 14 2010 9:20 AM

Update on supports and resistances.Resistance3 : 86Resistance2 : 84Resistance1 : 82Last Price : 79.97Pivot Point: 76Support1 : 76Support2 : 74Support3 : 72.5Pivot: 76Our preference: Long positions above 76 with targets @ 82 & 84 in extension.Alternative scenario: Below 76 look for further downside with 74 & 72.5 as targets.Comment: the pair remains within a bullish channel and is challenging its resistance (and previous high).86848279.97 (last)767472.5*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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