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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 |
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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