Update on supports and resistances.

Resistance3 : 76.5
Resistance2 : 74.3
Resistance1 : 72.7
Last Price : 70.6
Pivot Point: 69.7
Support1 : 69.7
Support2 : 68
Support3 : 65.5

Pivot: 69.7

Our preference: Long positions above 69.7 with targets @ 72.7 & 74.3 in extension.

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

Comment: the pair is stabilizing around the 69.70 support area while daily technical indicators are showing reversal signs.

76.5
74.3
72.7
70.6 (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