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Euro: Under Pressure 23/09/2010
Written by article default Thursday, 23 September 2010 05:52
Update on supports and resistances.
Pivot: 77.4
Our preference: Short positions below 77.4 with targets @ 74 & 72.5 in extension.
Alternative scenario: Above 77.4 look for further upside with 79 & 80.5 as targets.
Comment: the pair is under pressure and is breaking below its previous low as the RSI is badly directed.
80.5
79
77.4
74.94 (last)
74
72.5
70
*USD/EUR Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the EURO.