Forex Technical Analysis
EUR/USD: (1.4490) New high and back near inverted channel top off 1.4015 (see graph)
Tue, Nov 6 2007, 06:19 GMT
by KBC Market Research Desk
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New high and back near inverted channel top off 1.4015 (see graph).
1st Support area at 1.4461 (daily Short Term Moving Average↑), with next levels at 1.4442 (yesterday low), ahead of 1.4427/ .18 (daily/ weekly envelope bottoms) and 1.4406 (broken weekly channel top off 1.2484).
1.4353 = daily channel bottom off 1.3358: failure to hold would increase risk of larger correction of recent € gains.
Resistance at 1.4513 (daily envelope top), with next levels at 1.4528 (new high) and 1.4559 (daily Bollinger top)/): expected hard to sustain through, amid bearish divergences threat.
If wrong, next levels at 1.4577/ .88 (1992 high synthetic charts/ weekly Bollinger top + daily projection band top), where downwards reaction favored.
USD/JPY: (114.70): Above Downwtrendline off 117.95
EUR/GBP: Below the daily Downtrendline off .7028
EUR/JPY: (166.19) Above 164.00
Published on
Wed, Nov 7 2007, 06:58 GMT
Archive
- EUR/USD: (1.3783) In Flag off 1.3433
Published On Wed, Mar 17 2010, 06:27 GMT
- EUR/USD: (1.3691) In Flag off 1.3433
Published On Tue, Mar 16 2010, 06:18 GMT
- EUR/USD: (1.3740) Above 1.3693
Published On Mon, Mar 15 2010, 06:25 GMT
- EUR/USD: (1.3697) Rebound retesting 1.3693
Published On Fri, Mar 12 2010, 06:27 GMT
- EUR/USD: (1.3646) Rebound retested 1.3693
Published On Thu, Mar 11 2010, 06:22 GMT
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