• Online Forex trading Community

EUR/USD: (1.4182) Below bearish Flag

KBC Market Research Desk from KBC Bank at 01/20/10


Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph), with 1st target off 1.4626 (neckline daily Double Top) having been met (1.4180), with 2nd one at 1.4107.
Support area at 1.4166 (today’s low?), with next levels at 1.4130 (daily Starc bottom), ahead of 1.4107 (see above), where pause favored.
If wrong, next levels at 1.4085/ .4070 (monthly envelope bottom/ 38.2% 2008 low to 1.5145): tough on 1st tests; Resistance at 1.4266 (breakdown hourly), with next levels at 1.4306/ .4308 (reaction highs hourly), ahead of 1.4338/ .4354 (daily envelope top/ daily Short Term Moving Average↓), where pause favored.
Must sustain back above 1.4400 (daily Medium Term Moving Average↓) to call end on alert on €.

USD/JPY: (91.22) Above Flag off 93.78

EUR/GBP: (.87.11) Below Triangle pattern and .8852

EUR/JPY: (129.52) Drop from 134.37 puts pair back below 131.60/131.27

Main Menu