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Euro: Rebound
By Trading Central on July 10, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 76.5 |
| Resistance2: | 74.3 |
| Resistance1: | 73 |
| Last: | 71.85 |
| 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 is rebounding on its support and should reach its resistance as the RSI is well directed.
76.5
74.3
73
71.85 (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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