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Euro: Under Pressure 30/09/2010
Written by article default Thursday, 30 September 2010 12:25
Update on supports and resistances.
Pivot: 76
Our preference: Short positions below 76 with targets @ 72.5 & 70 in extension.
Alternative scenario: Above 76 look for further upside with 77.4 & 79 as targets.
Comment: the pair has broken below its previous low and should reach its next support.
79
77.4
76
73.24 (last)
72.5
70
68.4
*USD/EUR Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the EURO.