Forex Technical Analysis

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EUR/USD: (1.3523) Back in channel off 1.4867
Fri, Oct 10 2008, 06:56 GMT
by KBC Market Research Desk
KBC Bank

Drop from 1.4867 sent the pair back below daily Uptrendline off 2002 (1.3996 today), with new reaction low scored: Support area at 1.3481 (reaction low hourly + daily envelope bottom), with next levels at 1.3465/ .3444 (weekly envelope bottom/ current new reaction low), where pause favored.
If wrong on that call, risk towards 1.3358/ .3320(weekly Starc bottom + Aug 2007 low/ 61.8% 2005 low to 1.6040): tough on 1st attempts, amid oversold readings and bullish divergences in the making.
Resistance at 1.3622 (reaction high hourly), with next levels at 1.3700 (daily envelope top), ahead of 1.3784 (current reaction high off 1.3444): tough on 1st attempts.
USD/JPY: (98.93) New reaction low below channel off 110.67
EUR/GBP: (.8027) Above channel top off .8187
EUR/JPY: (134.33) Back below channel off 169.50
Published on
Fri, Oct 10 2008, 06:59 GMT
Archive
- EUR/USD: (1.3995) Failed in its retest of 1.4178 (see graph)
Published On Fri, Jul 3 2009, 05:49 GMT
- EUR/USD: (1.4111) Retested 1.4178 (see graph)
Published On Thu, Jul 2 2009, 05:43 GMT
- EUR/USD: (1.4034) Above Triangle pattern, but at apex (see graph)
Published On Wed, Jul 1 2009, 05:45 GMT
- EUR/USD: (1.4104) Above Triangle pattern, but at apex (see graph)
Published On Tue, Jun 30 2009, 05:25 GMT
- EUR/USD: (1.4033) Above Triangle pattern, but at apex (see graph)
Published On Mon, Jun 29 2009, 05:25 GMT
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KBC Bank
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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.
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