Forex Technical Analysis

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EUR/USD: (1.4300) New reaction low
Fri, Sep 5 2008, 06:25 GMT
by KBC Market Research Desk
KBC Bank

Drop from 1.6040 has sent the pair to a new reaction low: 1st Support area at 1.4215 (current new reaction low?), with next levels at 1.4195/ .4180 (23.6% .8225 to 1.6040/ daily Starc bottom) and 1.4107 (daily envelope bottom): tough on 1st attempts, amid oversold readings.
If wrong, next levels at 1.4077 (61.8% 1.2865 to 1.6040), ahead of 1.4000 (psycho), where pause favored.
Resistance at 1.4310 (broken daily Bollinger bottom), with next levels at 1.4385 (previous reaction low), ahead of 1.4422 (daily Short Term Moving Average↓).
Needs sustained trade above 1.4618 (daily MediumTerm Moving Average↓) to indicate medium term improvement on €.
USD/JPY: (106.72) Below channel off 110.67
EUR/GBP: (.8126) New high in channel off .7795
EUR/JPY: (152.35) Drop from 169.97 extended to new year low after having broken daily channel bottom off 2000 low and testing 152.77
Published on
Fri, Sep 5 2008, 06:48 GMT
Archive
- EUR/USD: (1.2915) Above 1.2799 (see graph)
Published On Fri, Nov 28 2008, 06:27 GMT
- EUR/USD: (1.2920) Above 1.2799 (see graph)
Published On Thu, Nov 27 2008, 06:37 GMT
- EUR/USD: (1.2970) Above 1.2799 (see graph)
Published On Wed, Nov 26 2008, 06:28 GMT
- EUR/USD: (1.2857) Currently above 1.2799 (see graph)
Published On Tue, Nov 25 2008, 06:43 GMT
- EUR/USD: (1.2517) Testing again channel top and toying back with 1.2527 (see graph)
Published On Fri, Nov 21 2008, 06:51 GMT
[ View All ]
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