USD/EUR Index: Rebound.

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By Trading Central on March 2, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	83.5
Resistance2:	82.5
Resistance1:	81
Last:	79.34
Pivot:	77
Support1:	77
Support2:	75
Support3:	73

Pivot: 77

Our preference: Long positions above 77 with targets @ 81 & 82.5 in extension.

Alternative scenario: Below 77 look for further downside with 75 & 73 as targets.

Comment: the pair has rebounded on its bullish channel lower boundary, the RSI is mixed to bullish.

83.5
82.5
81
79.34 (last)
77
75
73

*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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