EUR/USD: (1.3569) Reapproaching 1.3532

KBC Market Research Desk from KBC Bank at 02/18/10

Drop from 1.3789 puts the pair currently back below the daily channel off 1.5142 (bottom at 1.3627 today) and reapproaching 1.3532: Support area at 1.3557/ .3547 (today’s low?/ daily Stop And Reverse), with next levels at 1.3532/ .3530 (current reaction low off 1.5145 + daily envelope bottom/ weekly Bollinger bottom), ahead of 1.3504 (monthly envelope bottom), where pause favored.
If wrong, next levels at 1.3460 (daily Bollinger bottom), ahead of 1.3405 (61.8% 2008 low to 1.5145): tough on 1st attempts.
Resistance at 1.3634 (daily Short Term Moving Average↓), with next levels at 1.3696/ .3715 (daily envelope top/ daily Medium Term Moving Average↓), where pause favored.
If wrong, next levels at 1.3789 (current week high), ahead of 1.3822/ .3840 (daily Bollinger midline/ Feb 09 high + see graph): tough on 1st attempts.

USD/JPY: (90.93) Tested 91.28

EUR/GBP: (.8669) Failed to extend above .8796 and below Flag off .8603

EUR/JPY: (123.39) Failed to extend above 124.28