Forex Technical Analysis

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EUR/USD: (1.2517) Testing again channel top and toying back with 1.2527 (see graph)
Fri, Nov 21 2008, 06:51 GMT
by KBC Market Research Desk
KBC Bank
next report should be on nov 25

Pair testing channel top from 1.4867 again and toying back with 1.2527 (see graph): Support area at 1.2426 (current week low), with next levels at 1.2388 (Nov 13 low), ahead of 1.2353/ .2343 (daily envelope bottom/ daily Bollinger bottom): tough on 1st attempts.
If wrong, next levels at 1.2331 (reaction low off high) and 1.2300 (2nd target of daily channel break off 2005 low), where pause favored, amid bullish divergences threats.
Resistance at 1.2547/ .2555 (daily Short Term Moving Average↓/ daily envelope top), ahead of 1.2593 (reaction high hourly) and 1.2638 (daily Medium Term Moving Average↓), where pause favored.
1.2823/ .2853 = weekly envelope top/ Nov 13 high: tough on 1st tests.
USD/JPY: (94.92) Currently back below channel off 110.67
EUR/GBP: (.8435) In channel off .7694
EUR/JPY: (118.55) Drop from 131.06 retested broken channel top off 155.20
Published on
Fri, Nov 21 2008, 07:02 GMT
Archive
- EUR/USD: (1.4945) In channel off 1.3832
Published On Tue, Nov 24 2009, 06:13 GMT
- EUR/USD: (1.4922) In channel off 1.3832
Published On Fri, Nov 20 2009, 06:35 GMT
- EUR/USD: (1.4914) In channel off 1.3832
Published On Thu, Nov 19 2009, 06:22 GMT
- EUR/USD: (1.4891) In channel off 1.3832
Published On Wed, Nov 18 2009, 06:35 GMT
- EUR/USD: (1.4956) In channel off 1.3832
Published On Tue, Nov 17 2009, 07:55 GMT
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KBC Bank
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http://www.kbc.be/dealingroom | piet.lammens@kbc.be
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