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EUR/USD: (1.3796) Currently back in Flag off 1.3585

KBC Market Research Desk from KBC Bank at 02/11/10


Pair currently back in Flag off 1.3585 (see graph) and back in the daily channel off 1.5142 (bottom at 1.3730 today),: Support area at 1.3728/ .3725 (daily Short Term Moving Average↑/ reaction low hourly), with next levels at 1.3676/ .3658 (reaction low hourly/ daily envelope bottom) and 1.3621 (current week low), where pause favored, amid overextended readings.
If wrong, next levels at 1.3585/ .3581 (current reaction low off 1.5145/ long term break-up on monthly charts), ahead of 1.3548 (daily Bollinger bottom) and 1.3504 (monthly envelope bottom): tough on 1st attempts.
Resistance at 1.3813 (reaction high hourly + daily envelope top), with next levels at 1.3840/ .3852 (current week high + see graph/ daily Medium Term Moving Average↓), where pause favored. If wrong, 1.3953 = 23.6% 1.5145 to 1.3585.

USD/JPY: (89.90) Back above channel off 93.78

EUR/GBP: (.8811) Trying to extend above .8796 and in Flag off .8603

EUR/JPY: (123.88) New reaction low on move below 127.32

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