Forex Technical Analysis
EUR/USD: (1.3990) new recovery high on move above 1.3739/ 1.3722
Fri, May 29 2009, 05:26 GMT
by KBC Market Research Desk
KBC Bank | View company's profile
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Next report should be on June 02

New recovery high on move above 1.3739/ 1.3722.
Support area at 1.3923/ .3905 (reaction lows hourly), with next levels at 1.3889 (break-up hourly), ahead of 1.3845 (daily envelope bottom) and 1.3811 (daily Uptrendline off 1.2885), where pause favored.
If wrong, next levels at 1.3793/ .3780 (daily Medium Term Moving Average↑/ broken 50 Week Moving Average↓), ahead of 1.3739/ .3722 (previous reaction high + neckline daily Double Top/ see graph): ideal area to stay above to keep current positive mood on €.
Resistance at 1.4000/ .4006 (daily envelope top/ reaction high hourly), with next level at 1.4051 (May 22 high), where pause favored.
If wrong, next levels at 1.4134 (daily Bollinger top), ahead of 1.4185 (76.4% 1.4719 to 1.2457): tough on 1st attempts.
USD/JPY: (96.54) Tried to extend above 96.69
EUR/GBP: (.8756) Trying to regain .8765
EUR/JPY: (134.93) Above Downtrendline
Published on
Fri, May 29 2009, 05:35 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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