Update on supports and resistances.

Resistance3 : 81
Resistance2 : 80
Resistance1 : 78.5
Last Price : 76.6
Pivot Point: 74
Support1 : 74
Support2 : 72.8
Support3 : 70

Pivot: 74

Our preference: Long positions above 74 with targets @ 78.5 & 80 in extension.

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

Comment: the pair has broken above its resistance and should post a further bounce.

81
80
78.5
76.6 (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