EUR/USD: (1.4163) Below bearish Flag

KBC Market Research Desk from KBC Bank at 01/25/10

Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph).
Support area at 1.4125 (reaction low hourly), with next levels at 1.4090/ .4086 (weekly Bollinger bottom/ 50 Week Moving Average↑ + daily Bollinger bottom), where pause favored.
If wrong, next levels at 1.4046 (weekly envelope bottom), ahead of 1.4029/ .4025 (current reaction low off 1.5145/ daily envelope bottom): tough on 1st tests.
Resistance at 1.4182 (reaction high hourly), with next levels at 1.4220/ .4239 (idem/ 38.2% 1.4580 to 1.4029), where pause favored.
If wrong, next levels at 1.4252/ .4266 (breakdown daily/ hourly), ahead of 1.4300/.4307 (weekly envelope top/ broken 50 Day Moving Average↑) and 1.4331 (daily Medium Term Moving Average↓): must sustain back above to call end on alert on €.

USD/JPY: (90.10) Reapproached broken Flag off 93.78

EUR/GBP: (.8789) Has approached 2nd target off .8852

EUR/JPY: (127.67) Trying to extend below 127.32