USD/EUR Index: Under Pressure.

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USD/EUR Index: Under Pressure.

By Trading Central on March 17, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	81
Resistance2:	80
Resistance1:	78.5
Last:	77.24
Pivot:	78.5
Support1:	75
Support2:	73
Support3:	70

Pivot: 78.5

Our preference: Short positions below 78.5 with targets @ 75 & 73 in extension.

Alternative scenario: Above 78.5 look for further upside with 80 & 81 as targets.

Comment: the pair is posting a slight rebound but should be capped by its resistance on the upside as the RSI is badly directed.

81
80
78.5
77.24 (last)
75
73
70

*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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