Update on supports and resistances.

Resistance3 : 77.5
Resistance2 : 76.15
Resistance1 : 75
Last Price : 73.75
Pivot Point: 71
Support1 : 71
Support2 : 69.5
Support3 : 68.5

Pivot: 71

Our preference: Long positions above 71 with targets @ 75 & 76.15 in extension.

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

Comment: the pair has rebounded on its support and remains within a bullish channel.

77.5
76.15
75
73.75 (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