Update on supports and resistances.

Resistance3 : 76.15
Resistance2 : 75
Resistance1 : 73
Last Price : 71.72
Pivot Point: 69.5
Support1 : 69.5
Support2 : 68.5
Support3 : 67.4

Pivot: 69.5

Our preference: Long positions above 69.5 with targets @ 73 & 75 in extension.

Alternative scenario: Below 69.5 look for further downside with 68.5 & 67.4 as targets.

Comment: the pair has validated a bullish flag and should post a further up move, the RSI is still supported by a rising trend line.

76.15
75
73
71.72 (last)
69.5
68.5
67.4



*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