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EUR/USD: (1.4398) Drop from 1.5145 puts pair below 1.4800 and 1.4625

KBC Market Research Desk from KBC Bank at 12/17/09


Drop from new year high puts the pair below daily Uptrendline off June low (1.4690 today), with Double Tops off 1.4800 and 1.4626 (see graph) and end of year position squaring.
Support area at 1.4369/ .4363 (today’s + current week low?/ Sept break-up daily charts), where pause favored.
If wrong, next levels at 1.4329/ .4310 (daily projection band bottom/ daily Starc bottom): tough on 1st tests.
Resistance at 1.4421/ .4450 (broken daily Bollinger bottom/ breakdown hourly + broken daily envelope bottom), with next levels at 1.4509 (breakdown hourly) and 1.4538/ .4548 (daily Downtrendline off year high/ daily Short Term Moving Average↓), where pause favored.
If wrong, next levels at 1.4631 (breakdown hourly), ahead of 1.4686/ .4690 (current week high/ see above): tough on 1st attempts.

USD/JPY: (90.06) Trying to extend above Downtrendline off 92.33

EUR/GBP: (.8860) Below Flag off .9154

EUR/JPY: (129.73) Drop from 134.54 retested the broken daily channel top off 138.49

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