Update on supports and resistances.

Resistance3 : 78.5
Resistance2 : 77
Resistance1 : 75.45
Last Price : 74.09
Pivot Point: 75.45
Support1 : 72.8
Support2 : 71
Support3 : 69.7

Pivot: 75.45

Our preference: Short positions below 75.45 with targets @ 72.8 & 71 in extension.

Alternative scenario: Above 75.45 look for further upside with 77 & 78.5 as targets.

Comment: the pair has rebounded on its support but should face a new down move.

78.5
77
75.45
74.09 (last)
72.8
71
69.7



*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