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EUR/USD: (1.4914) In channel off 1.3832

KBC Market Research Desk from KBC Bank at 11/19/09


Pair currently back below the inverted daily channel top off June low (1.4987 today) with the daily Uptrendline off March low at 1.4887 today.
Support area at 1.4885 (reaction low hourly + daily envelope bottom), with next levels at 1.4858 (reaction low hourly), ahead of 1.4807 (current week low + daily projection band bottom), where pause favored.
If wrong, next levels at 1.4786/ .4767 (daily Stop And Reverse/ weekly envelope bottom): tough on 1st tests. Resistance at 1.4943 (breakdown hourly), with next levels at 1.4991/ .5000 (reaction highs hourly), ahead of 1.5017 (current week high), where pause favored.
If wrong, next level at 1.5049 (Nov 11 high + weekly and daily envelope tops), ahead of 1.5056/ .5064 (daily Bollinger top/ recovery high off 2008 low + monthly envelope top): tough on 1st attempts.

USD/JPY: (89.11) In channel off 92.33

EUR/GBP: (.8930) .8852 (2nd target off .9078) has been met

EUR/JPY: (132.90) Testing Uptrendline off 129.03

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