EUR/USD: (1.4729) Drop from 1.5145 puts pair below 1.4800

KBC Market Research Desk from KBC Bank at 12/15/09

Drop from new year high trying to extend below daily Uptrendline off June low (1.4671 today), with Double Top off 1.4800 (see graph) and another one threatening in case of sustained trade below 1.4626.
Support area at 1.4600 (current week low), with next levels at 1.4586/ .4571 (current reaction low off 1.5145 + weekly projection band bottom/ daily Bollinger bottom + daily envelope bottom): tough on 1st tests.
Resistance at 1.4674/ .4686 (daily Short Term Moving Average↓/ current week high), with next levels at 1.4706 (daily envelope top), ahead of 1.4752/ .4770 (breakdown hourly/ weekly envelope top), where pause favored.
If wrong, next levels at 1.4839 (daily Medium Term Moving Average↓), ahead of 1.4886 (daily Bollinger midline): tough on 1st attempts.

USD/JPY: (88.86) Currently trying to regain Uptrendline off 84.82

EUR/GBP: (.8990) In Flag off .9154

EUR/JPY: (130.12) Drop from 134.54 retested the broken daily channel top off 138.49