Forex Technical Analysis

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EUR/USD: (1.3995) Failed in its retest of 1.4178 (see graph)
Fri, Jul 3 2009, 05:49 GMT
by KBC Market Research Desk
KBC Bank

Testing daily Long Term Moving Average↑ (1.3985 today), which managed to act as Support in recent downmove, with pair having failed in its retest of 1.4178 (see graph).
Support area at 1.3938/ .3934 (today’s + current week low?/ daily projection band bottom), with next levels at 1.3888 (reaction lows hourly), ahead of 1.3866/ .3860 (weekly Uptrendline off March low + daily envelope bottom/ weekly envelope bottom): tough on 1st attempts.
Resistance at 1.4035/ .4038 (daily envelope top/ daily Short Term Moving Average↓), with next levels at 1.4109 (reaction high hourly), ahead of 1.4163 (daily Bollinger top), where pause favored.
If wrong, next levels at 1.4202/ .4211 (current week high/ weekly envelope top), ahead of 1.4247/ .4266 = daily Downtrendline off Sept 2008/ monthly Bollinger midline: tough on 1st attempts.
USD/JPY: (95.97) Reapproached 97.08
EUR/GBP: (.8540) Retested .8605
EUR/JPY: (134.27) Back above flag
Published on
Fri, Jul 3 2009, 05:53 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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