EUR/USD: (1.4421) In Flag

KBC Market Research Desk from KBC Bank at 01/15/10

Next report should be on Jan 19

Rebound off 1.4218 tested Flag top (see graph) and daily Long Term Moving Average↓/daily Bollinger top (1.4522/ .4533), with pair having reapproached the neckline of a daily Double Top off (1.4626).
Support area at 1.4410/ .4405 (daily Medium Term Moving Average↑/ reaction low hourly), with next levels at 1.4385/ .4376 (daily Bollinger midline/ broken weekly Short Term Moving Average↓), where pause favored.
If wrong, next levels at 1.4356 (61.8% 1.4218 to 1.4580 + see graph: Flag bottom), ahead of 1.4303/ .4292 (76.4%/ daily flag bottom off 1.4218): tough on 1st tests;
Resistance at 1.4467 (breakdown hourly), with next levels at 1.4522/ .4533 (see above), ahead of 1.4580/ .4589 (current week high/ daily envelope top): tough on 1st attempts.

USD/JPY: (91.15) Drop from 93.78 retested 90.78

EUR/GBP: (.8820) Below Triangle pattern and .8852

EUR/JPY: (131.52) Drop from 134.37 retesting 131.60