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Euro: Under Pressure 07/10/2010
Written by article default Thursday, 07 October 2010 09:46
Update on supports and resistances.
Pivot: 75
Our preference: Short positions below 75 with targets @ 70.5 & 68.4 in extension.
Alternative scenario: Above 75 look for further upside with 76 & 77.4 as targets.
Comment: the RSI advocates for further decline.
77.4
76
75
71.82 (last)
70.5
68.4
66.45
*USD/EUR Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the EURO.