USD/EUR Index: Key ST Resistance At 76.5.

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USD/EUR Index: Key ST Resistance At 76.5.

By Trading Central on April 8, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	80
Resistance2:	78.5
Resistance1:	76.5
Last:	75.4
Pivot:	76.5
Support1:	72.8
Support2:	70
Support3:	68

Pivot: 76.5

Our preference: Short positions below 76.5 with targets @ 72.8 & 70 in extension.

Alternative scenario: Above 76.5 look for further upside with 78.5 & 80 as targets.

Comment: the pair is rebounding but should be capped by its next resistance as the RSI lacks upward momentum.

80
78.5
76.5
75.4 (last)
72.8
70
68

*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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