Forex Technical Analysis

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EUR/USD: (1.5896) Toying back with channel bottom off 1.5302 (see graph)
Mon, Jul 14 2008, 06:47 GMT
by KBC Market Research Desk
KBC Bank

Rebound from 1.5302 extended to a new recovery high, with pair currently toying back with channel bottom (see graph): 1st Support area at 1.5888/ .5884 (daily envelope bottom/ current reaction low off 1.5970), with next levels at 1.5822 (weekly envelope bottom), ahead of 1.5808/ .5800 (daily Short Term Moving Average↑/ break-up daily July 10) and 1.5779 (daily Medium Term Moving Average↑/ tough on 1st attempts.
Resistance at 1.5958/ .5970 (daily Bollinger top/ today’s high?): suspect tough on 1st attempts. If wrong, next levels at 1.5992 (weekly Bollinger top), ahead of 1.6020/ .6042 (new high + daily envelope top/ daily Starc top), where reaction favored to set in.
USD/JPY: (106.44) Retested broken Weekly Uptrendline off .9577
EUR/GBP: (.8007) Double Bottom off .7955
EUR/JPY: (169.25) New historic high in channel off 158.58
Published on
Mon, Jul 14 2008, 06:52 GMT
Archive
- EUR/USD: (1.4880) In channel off 1.3832
Published On Fri, Nov 6 2009, 06:14 GMT
- EUR/USD: (1.4845) In channel off 1.3832
Published On Thu, Nov 5 2009, 06:32 GMT
- EUR/USD: (1.4725) In channel off 1.3832
Published On Wed, Nov 4 2009, 06:33 GMT
- EUR/USD: (1.4792) In channel off 1.3832
Published On Tue, Nov 3 2009, 06:29 GMT
- EUR/USD: (1.4848) In channel off 1.3832
Published On Fri, Oct 30 2009, 06:29 GMT
[ View All ]
KBC Bank
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http://www.kbc.be/dealingroom | piet.lammens@kbc.be
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