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EUR/USD: (1.5051) New year high in channel off 1.3832

KBC Market Research Desk from KBC Bank at 12/04/09


Next report should be on Dec 08

New year high scored but currently toying back with the inverted daily channel top off June low (1.5065 today), with the daily Uptrendline off March low at 1.5030.
Support area at 1.5018/ .5002 (daily envelope bottom/ daily Medium Term Moving Average↑), ahead of 1.4979/ .4965 (daily Bollinger midline/ current week low), where pause favored.
If wrong, next level at ahead of 1.4928/ .4912 (daily Long Term Moving Average↑/ break-up hourly + daily projection band bottom) and 1.4895 (weekly envelope bottom): tough on 1st tests.
Resistance at 1.5088 (breakdown hourly), with next levels at 1.5127 (daily Bollinger top), ahead of 1.5142/ .5145 (current week high/ year high + daily envelope top), where pause favored.
If wrong, next levels at 1.5164/ .5168 (76.4% 1.6040 to 1.2331/ 1st Irregular B off 1.4626), ahead of 1.5183/ .5207 (weekly envelope top/ weekly Bollinger top): tough on 1st attempts.

USD/JPY: (88.20) Rebound off 84.82 tested channel top off 92.33

EUR/GBP: (.9106) Back above .9066

EUR/JPY: (132.79) Above channel off 138.49

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