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EUR/USD: (1.4956) In channel off 1.3832

KBC Market Research Desk from KBC Bank at 11/17/09


Pair currently back above the inverted daily channel top off June low (1.4975 today) with the daily Uptrendline off March low at 1.4867 today.
Support area at 1.4946/.4933 (reaction low hourly/ daily Short Term Moving Average→), with next levels at 1.4884 (daily Bollinger midline + daily envelope bottom), ahead of 1.4878/ 4867 (current week low + daily Medium Term Moving Average↑/ see above), where pause favored.
If wrong, next levels at 1.4821 (Nov 12 low), ahead of 1.4767 (weekly envelope bottom): tough on 1st attempts.
Resistance at 1.5000/ .5017 (reaction high hourly/ current week high + daily envelope top), with next levels at 1.5049 (Nov 11 high + weekly envelope top) and 1.5064 (recovery high off 2008 low + monthly envelope top), where pause favored.
If wrong, next level at 1.5086 (daily Bollinger top): tough on 1st attempts.

USD/JPY: (89.10) Below Flag bottom off 88.01

EUR/GBP: (.8887) .8852 = 2nd target off .9078

EUR/JPY:(133.15) Drop from 138.49 retested broken daily Downtrendline from there

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