Update on supports and resistances.

Resistance3 : 76.5
Resistance2 : 74.3
Resistance1 : 72
Last Price : 69.75
Pivot Point: 69.2
Support1 : 69.2
Support2 : 68
Support3 : 65.5

Pivot: 69.2

Our preference: Long positions above 69.2 with targets @ 72 & 74.3 in extension.

Alternative scenario: Below 69.2 look for further downside with 68 & 65.5 as targets.

Comment: the pair has struck against its channel upper boundary and is pulling back on its support ahead of a rebound.

76.5
74.3
72
69.75 (last)
69.2
68
65.5



*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