ISE FX Euro: the upside prevails.

By IBTimes Staff Reporter | June 10 2010 10:20 AM

Update on supports and resistances.Resistance3 : 87.65Resistance2 : 86Resistance1 : 84Last Price : 82.49Pivot Point: 78Support1 : 78Support2 : 76Support3 : 74Pivot: 78Our preference: Long positions above 78 with targets @ 84 & 86 in extension.Alternative scenario: Below 78 look for further downside with 76 & 74 as targets.Comment: the pair has rebounded on its new support and has broken above its previous high.87.65868482.49 (last)787674*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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