Forex Technical Analysis
EUR/USD: (1.2498) Retested inverted channel bottom off 1.3385 (see graph)
Wed, Mar 4 2009, 06:24 GMT
by KBC Market Research Desk
KBC Bank | View company's profile
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Retested inverted channel bottom off 1.3385 held (see graph) and daily Bollinger bottom (1.2463 today).
Support area at 1.2459/ .2450 (today’s low? + daily envelope bottom/ daily Fibonacci Fan Line), ahead of 1.2394/ .2375 (daily projection band bottom/ weekly envelope bottom), where pause favored.
If wrong, next levels at 1.2331 (reaction low off high), ahead of 1.2241 (daily Starc bottom): tough on 1st attempts.
Resistance at 1.2525 (breakdown hourly), with next levels at 1.2596/ 1.2608 (reaction high hourly/ daily envelope top + daily Short Term Moving Average↓), ahead of 1.2668/ .2677 (daily Medium Term Moving Average↓/ current week high): tough on 1st attempts.
USD/JPY: (98.39) Above 94.65
EUR/GBP: (.8921) Currently back below Long Term channel off .7694
EUR/JPY: (123.03) Exploded above 119.61
Published on
Wed, Mar 4 2009, 06:28 GMT
Archive
- EUR/USD: (1.3508) Below Flag bottom off 1.3433 and 1.3639
Published On Mon, Mar 22 2010, 06:22 GMT
- EUR/USD: (1.3620) Below Flag bottom off 1.3433 and 1.3639
Published On Fri, Mar 19 2010, 06:28 GMT
- EUR/USD: (1.3688) Approaching Flag bottom off 1.3433
Published On Thu, Mar 18 2010, 06:21 GMT
- EUR/USD: (1.3783) In Flag off 1.3433
Published On Wed, Mar 17 2010, 06:27 GMT
- EUR/USD: (1.3691) In Flag off 1.3433
Published On Tue, Mar 16 2010, 06:18 GMT
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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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