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EUR/USD: (1.4945) In channel off 1.3832

KBC Market Research Desk from KBC Bank at 11/24/09

 


Pair currently back below the inverted daily channel top off June low (1.5008 today) with the daily Uptrendline off March low at 1.4929 today.
Support area at 1.4926/ .4909 (daily Medium Term Moving Average↑/ break-up hourly), with next levels at 1.4877/ .4873 (daily Bollinger midline/ daily envelope bottom), where pause favored.
If wrong, next level at 1.4833 (current week low), ahead of 1.4800 (last week low + daily projection band bottom): tough on 1st tests.
Resistance at 1.5000/ .5008 (current week high/ see above + weekly envelope top + broken weekly Uptrendline off March low), with next levels at 1.5017/ .5025 (last week high/ daily envelope top), where pause favored.
If wrong, next level at 1.5049 (Nov 11 high), ahead of 1.5058/ .5064 (daily Bollinger top/ recovery high off 2008 low + monthly envelope top): tough on 1st attempts.

USD/JPY: (88.85) In channel off 92.33

EUR/GBP: (.9015) Above .8979

EUR/JPY: (132.66) Currently still below Uptrendline off 129.03

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