Update on supports and resistances.

Resistance3 : 76.15
Resistance2 : 75
Resistance1 : 73.85
Last Price : 72.96
Pivot Point: 71
Support1 : 71
Support2 : 69.5
Support3 : 68.5

Pivot: 71

Our preference: Long positions above 71 with targets @ 73.85 & 75 in extension.

Alternative scenario: Below 71 look for further downside with 69.5 & 68.5 as targets.

Comment: the pair has struck against its resistance but remains within a bullish channel.

76.15
75
73.85
72.96 (last)
71
69.5
68.5



*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