EUR/USD: (1.3162) Rebound from 1.2885 puts pair currently back above 1.3113 (see graph)

Mon, Apr 27 2009, 05:44 GMT
by KBC Market Research Desk - KBC Bank | View company's profile

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Rebound from 1.2885 puts the pair currently back above 1.3113 (neckline Triple Top: see graph).
Support area at 1.3136 (break-up hourly), with next levels at 1.3111 (reaction low hourly), ahead of 1.3073/ .3059 (break-up hourly/ weekly Medium Term Moving Average↑): ideal area to stay above to keep current better tone on €.
Failure to hold would see risk towards 1.2978/ .2966 (reaction low hourly + weekly envelope bottom/ break-up hourly), where pause favored.
Resistance at 1.3242/ .3245 (broken daily Long Term Moving Average↑ + weekly Long Term Moving Average↓/ today’s high?), ahead of 1.3301/ .3312 (last week high/ 50% 1.3739 to 1.2885): tough on 1st attempts.
If wrong, 1.3355 (daily envelope top), ahead of 1.3385/ .3391 (daily Downtrendline off 1.3735/ April 13 high), where pause favored.

USD/JPY: (96.68) Trying to extend below Flag off 101.45

EUR/GBP: (.9016) Managed to recapture channel off .9490

EUR/JPY: (127.42) Below Uptrendline off 113.09

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Published On Mon, Apr 27 2009, 05:49 GMT

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KBC Bank

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piet.lammens@kbc.be

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