Update on supports and resistances.

Resistance3 : 74.3
Resistance2 : 73
Resistance1 : 71.5
Last Price : 70.4
Pivot Point: 71.5
Support1 : 69.7
Support2 : 68
Support3 : 65.5

Pivot: 71.5

Our preference: Short positions below 71.5 with targets @ 69.7 & 68 in extension.

Alternative scenario: Above 71.5 look for further upside with 73 & 74.3 as targets.

Comment: the pair is capped by a declining trend line.

74.3
73
71.5
70.4 (last)
69.7
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