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EUR/USD: (1.5097) New year high in channel off 1.3832

KBC Market Research Desk from KBC Bank at 12/02/09


New year high scored and currently back above the inverted daily channel top off June low (1.5052 today), with the daily Uptrendline off March low at 1.5013.
Support area at 1.5058 (break-up hourly), with next levels at 1.4998/ .4985 (daily envelope bottom/ daily Medium Term Moving Average↑), ahead of 1.4965/ .4962 (current week low/ daily Bollinger midline), where pause favored.
If wrong, next level at ahead of 1.4922/ .4912 (daily Long Term Moving Average↑/ break-up hourly) and 1.4895 (weekly envelope bottom): tough on 1st tests.
Resistance at 1.5118/ .5122 (current week high/ daily Bollinger top), ahead of 1.5145 (year high), where pause favored.
If wrong, next levels at 1.5164/ .5168 (76.4% 1.6040 to 1.2331/ 1st Irregular B off 1.4626 + daily envelope top), ahead of 1.5183/ .5207 (weekly envelope top/ weekly Bollinger top): tough on 1st attempts.

USD/JPY: (87.00) Trying to settle back in channel off 92.33

EUR/GBP: (.9094) Above .9066

EUR/JPY: (131.33) Trying to settle back above 131.01

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