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Euro: Under Pressure
By Trading Central on September 22, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 74.3 |
| Resistance2: | 72 |
| Resistance1: | 70 |
| Last: | 67.6 |
| Pivot: | 70 |
| Support1: | 67 |
| Support2: | 65.5 |
| Support3: | 63.3 |
Our preference: Short positions below 70 with targets @ 67 & 65.5 in extension.
Alternative scenario: Above 70 look for further upside with 72 & 74.3 as targets.
Comment: the immediate trend remains down and the momentum is strong.
74.3
72
70
67.6 (last)
67
65.5
63.3
*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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