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Euro: Turning Down
By Trading Central on February 11, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 82.5 |
| Resistance2: | 81 |
| Resistance1: | 78.5 |
| Last: | 77.05 |
| Pivot: | 78.5 |
| Support1: | 75 |
| Support2: | 73 |
| Support3: | 70.5 |
Our preference: Short positions below 78.5 with targets @ 75 & 73 in extension.
Alternative scenario: Above 78.5 look for further upside with 81 & 82.5 as targets.
Comment: the RSI is turning down, the pair should break below its MT bullish channel lower boundary.
82.5
81
78.5
77.05 (last)
75
73
70.5
*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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