USD/EUR Index: The Upside Prevails.

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USD/EUR Index: The Upside Prevails.

By Trading Central on March 9, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	82.5
Resistance2:	81
Resistance1:	80
Last:	79.05
Pivot:	77
Support1:	77
Support2:	75
Support3:	73

Pivot: 77

Our preference: Long positions above 77 with targets @ 80 & 81 in extension.

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

Comment: the RSI is mixed to bullish, the pair is on the upside and is challenging its resistance.

82.5
81
80
79.05 (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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