USD/EUR Index: Under Pressure.

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USD/EUR Index: Under Pressure.

By Trading Central on March 11, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	82.5
Resistance2:	81
Resistance1:	80
Last:	78.31
Pivot:	80
Support1:	77
Support2:	75
Support3:	73

Pivot: 80

Our preference: Short positions below 80 with targets @ 77 & 75 in extension.

Alternative scenario: Above 80 look for further upside with 81 & 82.5 as targets.

Comment: the pair is breaking below its bullish channel lower boundary, the RSI is on the downside.

82.5
81
80
78.31 (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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