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Euro: The Downside Prevails
By Trading Central on June 11, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 76.5 |
| Resistance2: | 74.3 |
| Resistance1: | 73 |
| Last: | 71.33 |
| Pivot: | 73 |
| Support1: | 69.7 |
| Support2: | 68 |
| Support3: | 65.5 |
Our preference: Short positions below 73 with targets @ 69.7 & 68 in extension.
Alternative scenario: Above 73 look for further upside with 74.3 & 76.5 as targets.
Comment: the pair has struck against its resistance and should face a new down move.
76.5
74.3
73
71.33 (last)
69.7
68
65.5
*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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