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EUR/USD: (1.4991) In channel off 1.3832

KBC Market Research Desk from KBC Bank at 11/25/09


Pair currently back below the inverted daily channel top off June low (1.5017 today) with the daily Uptrendline off March low at 1.4942 today.
Support area at 1.4938 (daily Medium Term Moving Average↑), with next levels at 1.4897/ .4890 (daily envelope bottom/ daily Bollinger midline + daily Long Term Moving Average↑), where pause favored.
If wrong, next level at 1.4870 (break-up hourly), ahead of 1.4833 (current week low) and1.4800 (Nov 20 low + daily projection band bottom): tough on 1st tests.
Resistance at 1.5000/ .5008 (current week high/ weekly envelope top + broken weekly Uptrendline off March low), with next levels at 1.5017/ .5031 (last week high + see above/ daily envelope top), ahead of 1.5049 (Nov 11 high) and 1.5064 (recovery high off 2008 low + monthly envelope top + daily Bollinger top), where pause favored.
If wrong, next levels at 1.5164/ .5194 (76.4% 1.6040 to 1.2331/ daily Starc top): tough on 1st attempts.

USD/JPY: (88.31) In channel off 92.33

EUR/GBP: (.9024) Above .8979

EUR/JPY: (132.35) Currently still below Uptrendline off 129.03

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