Update on supports and resistances.

Resistance3 : 76.5
Resistance2 : 74.3
Resistance1 : 73
Last Price : 71.49
Pivot Point: 69.7
Support1 : 69.7
Support2 : 68
Support3 : 65.5

Pivot: 69.7

Our preference: Long positions above 69.7 with targets @ 73 & 74.3 in extension.

Alternative scenario: Below 69.7 look for further downside with 68 & 65.5 as targets.

Comment: the pair has rebounded on its support and is challenging its channel upper boundary, the RSI is approaching its MT declining trend line.

76.5
74.3
73
71.49 (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