EUR/USD: (1.4724) New high above inverted channel off 1.4015 (see graph)

Forex Technical Analysis

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hourly charts

New high above inverted channel off 1.4015 (see graph), with potential of break at 1.4746.
1st Support area at 1.4679 (break-up hourly), with next levels at 1.4644 (daily envelope bottom), ahead of 1.4614/ .11 (yesterday low/ daily Short Term Moving Average↑): ideal area to stay above to keep current Short Term mood intact on €..
1.4411 = daily channel bottom off 1.3358: ideal area to stay above to keep current Medium Term upbias intact for €..
Resistance at 1.4739/ .4746 (new high?/ see above + weekly Starc top), with next levels at 1.4758 (daily envelope top), ahead of 1.4778/ .4800 (daily channel top off July 2001 + daily Starc top/ daily projection band top), where downwards reaction favored.

USD/JPY: (112.64) New reaction low off 117.95

EUR/GBP: (.6973) Broadening pattern off .7007

EUR/JPY: (165.82) Has met 2nd target of Double Bottom from 164.00

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Published On Fri, Nov 9 2007, 11:12 GMT

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KBC Bank

http://www.kbc.be/dealingroom

piet.lammens@kbc.be

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This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.