Update on supports and resistances.

Resistance3 : 80
Resistance2 : 78.5
Resistance1 : 77
Last Price : 73.55
Pivot Point: 77
Support1 : 72.8
Support2 : 70
Support3 : 68

Pivot: 77

Our preference: Short positions below 77 with targets @ 72.8 & 70 in extension.

Alternative scenario: Above 77 look for further upside with 78.5 & 80 as targets.

Comment: the pair remains under pressure and is challenging its intermediary support, the RSI is bearish.

80
78.5
77
73.55 (last)
72.8
70
68



*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