Forex Technical Analysis
EUR/USD: (1.3327) Pair above Downtrendline off 1.3739 (see graph)
Mon, May 4 2009, 05:37 GMT
by KBC Market Research Desk
KBC Bank | View company's profile
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Hourly Break-up area of 1.2966 was retested and triggered sharp rebound, sending the pair testing the daily Downtrendline off 1.3739 (1.3318 today).
Support area at 1.3270 (reaction low hourly), with next levels at 1.3243 (daily Short Term Moving Average↑), ahead of 1.3197 (daily envelope bottom) and 1.3130 (daily Medium Term Moving Average→): ideal area to stay above to keep current € bid tone.
If unable to hold, next levels at 1.3119/ .3095 (reaction low hourly/ weekly Medium Term Moving Average↑): tough on 1st attempts.
Resistance at 1.3391/ 3393 (April 13 high/ daily envelope top), ahead of 1.3412/ .3418 (61.8% 1.3739 to 1.2885/ daily Bollinger top) and 1.3450 (weekly envelope top), where pause favored.
USD/JPY: (99.47) Currently above Flag off 101.45
EUR/GBP: (.8907) Back in channel off .9490
EUR/JPY: (132.45) Currently back above Uptrendline off 113.09
Published on
Mon, May 4 2009, 05:44 GMT
Archive
- 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
- EUR/USD: (1.3740) Above 1.3693
Published On Mon, Mar 15 2010, 06:25 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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