Euro: Rebound Expected
By Trading Central on July 1, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 76.5 |
| Resistance2: | 74.3 |
| Resistance1: | 73 |
| Last: | 70.66 |
| Pivot: | 69.7 |
| Support1: | 69.7 |
| Support2: | 68 |
| Support3: | 65.5 |
Our preference: Long positions above 69.7 with targets @ 73 & 74.3 in extension.
Alternative scenario: Below 69.7 look for further downside with 68 & 65.5 as targets.
Comment: the pair has struck against its resistance and is pulling back on its support ahead of a rebound.
76.5
74.3
73
70.66 (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
If you like this article please...
Leave A Comment :
Recent Market Opinions:
Stimulus Is Only Stimulating “Economic Misery”
The Problems With “Printing Your Way Out Of Debt”
Combining Bollinger Bands On Rates Of Change In The VIX
US Unemployment Rate Up Unexpectedly At 10.2%: Is The Economic Rebound A “Jobless Recovery”?
Is Another Bubble Building In Stocks, Commodities And Currencies?
Recent News:
Thai Stocks Called To Open Higher - 18 mins ago
Japan Reserve Assets Increase In October - 20 mins ago
*Japan Official Reserve Assets At $1.06 Trillion In October - 41 mins ago
Japanese Stock Market Recovers After Opening Weak - 52 mins ago
Australia Home Loans Up 5.1% On Month - 52 mins ago
Opinions From Our Contributors


