• Online Forex trading Community

EUR/USD: (1.4460) Trying to extend above 1.4459

KBC Market Research Desk from KBC Bank at 01/05/10


Drop from last year high has met target of daily channel break off June low (1.4219) and puts the pair below the neckline of a daily Double Top off 1.4626, with 1st target at 1.4188 having been approached.
Support area at 1.4404 (today’s low?), with next levels at 1.4360/ .4346 (daily Short Term Moving Average↑/ daily Medium Term Moving Average↑ + daily envelope bottom), where pause favored.
If wrong, next level at 1.4327 (break-up hourly): tough on 1st tests.
Resistance at 1.4460/ .4473 (daily envelope top/ today’s + current week high?), with next level at 1.4509 (breakdown hourly), where pause favored.
If wrong, next levels at 1.4556/ .4572 (reaction high hourly/ 38.2% 1.5145 to 1.4218), ahead of 1.4601/ .4631 (daily Starc top/ breakdown hourly): tough on 1st attempts.

USD/JPY: (91.70) Below channel off 84.82

EUR/GBP: (.8965) Back above channel off .9154

EUR/JPY: (132.67) Above 131.60

Main Menu