EUR/USD: (1.4123) Below bearish Flag

KBC Market Research Desk from KBC Bank at 01/22/10

Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph), with daily Bollinger bottom at 1.4105 being toyed with.
Support area at 1.4068 (today’s low?), with next levels at 1.4029 (current week low + daily projection band bottom), ahead of 1.4007 (5th wave hourly off 1.4580), where pause favored.
If wrong, next levels at 1.3971/ .3965 (daily envelope bottom/ monthly Medium Term Moving Average↑): tough on 1st tests.
Resistance at 1.4144/ .4159 (reaction high hourly/ 23.6% 1.4580 to 1.4029), with next levels at 1.4177/ .1.4198 (breakdown hourly/ daily Short Term Moving Average↓), where pause favored.
Must sustain back above 1.4350 (daily Medium Term Moving Average↓ + daily Bollinger midline) to call end on alert on €..

USD/JPY: (90.00) Reapproaching broken Flag off 93.78

EUR/GBP: (.8715) Has met 1st target off .8852

EUR/JPY: (127.13) Trying to extend below 127.32