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Euro: Under Pressure 21/09/2010
Written by article default Tuesday, 21 September 2010 13:57
Update on supports and resistances.
Pivot: 79
Our preference: Short positions below 79 with targets @ 75 & 74 in extension.
Alternative scenario: Above 79 look for further upside with 80.5 & 82.3 as targets.
Comment: the pair has struck against its resistance and should face a further weakness as the RSI is badly directed.
82.3
80.5
79
76.23 (last)
75
74
72.5
*USD/EUR Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the EURO.