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EUR/USD: (1.4891) In channel off 1.3832

KBC Market Research Desk from KBC Bank at 11/18/09


Pair currently back below the inverted daily channel top off June low (1.4979 today) with the daily Uptrendline off March low at 1.4879 today.
Support area at 1.4859 (reaction low hourly), with next levels at 1.4807/ .4799 (current week low/ daily envelope bottom) and 1.4767 (weekly envelope bottom + daily Stop And reverse), where pause favored.
Resistance at 1.4922/ .4946 (breakdown hourly/ daily envelope top), with next levels at 1.4975 (reaction high hourly), ahead of 1.5017 (current week high), where pause favored.
If wrong, next level at 1.5049 (Nov 11 high + weekly envelope top), ahead of 1.5064 (recovery high off 2008 low + monthly envelope top + daily Bollinger top): tough on 1st attempts.

USD/JPY: (89.17) In channel off 92.33

EUR/GBP: (.8855) .8852 (2nd target off .9078) has been met

EUR/JPY: (132.80) Testing Uptrendline off 129.03

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