Update on supports and resistances.

Resistance3 : 80
Resistance2 : 78.5
Resistance1 : 76.5
Last Price : 75.36
Pivot Point: 74
Support1 : 74
Support2 : 72.8
Support3 : 70

Pivot: 74

Our preference: Long positions above 74 with targets @ 76.5 & 78.5 in extension.

Alternative scenario: Below 74 look for further downside with 72.8 & 70 as targets.

Comment: the pair is pulling back on its support ahead of a rebound.

80
78.5
76.5
75.36 (last)
74
72.8
70



*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