Forex Technical Analysis

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EUR/USD: (1.2615) Back below 1.2799 (see graph)
Tue, Dec 2 2008, 06:33 GMT
by KBC Market Research Desk
KBC Bank

Pair back below 1.2799 (see graph: neckline Double Bottom): Support area at 1.2582 (today’s low?), with next levels at 1.2565/ .2546 (reaction low hourly/ daily projection band bottom), where pause favored.
If wrong, next levels at 1.2487 (daily envelope bottom), ahead of 1.2422 (Nov 21 low): tough on 1st attempts.
Resistance at 1.2688 (reaction high hourly), with next levels at 1.2705 (daily envelope top + daily Bollinger midline), ahead of 1.2748 (daily Short Term Moving Average↓).
1.2802 = daily Long Term Moving Average↓, where pause favored.
USD/JPY: (93.13) Currently back below channel off 110.67
EUR/GBP: (.8485) In channel off .7694
EUR/JPY: (117.60) Rebound off 116.45 retested 125.98
Published on
Tue, Dec 2 2008, 09:00 GMT
Archive
- 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
- EUR/USD: (1.4880) In channel off 1.3832
Published On Fri, Nov 6 2009, 06:14 GMT
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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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