Update on supports and resistances.

Resistance3 : 80
Resistance2 : 78.5
Resistance1 : 77
Last Price : 75.06
Pivot Point: 77
Support1 : 74
Support2 : 72.8
Support3 : 71

Pivot: 77

Our preference: Short positions below 77 with targets @ 74 & 72.8 in extension.

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

Comment: the pair has broken below its flag lower boundary and should face a further weakness as the RSI is bearish.

80
78.5
77
75.06 (last)
74
72.8
71



*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