EUR/USD: (1.4927) New year high in channel off 1.3832

KBC Market Research Desk from KBC Bank at 11/27/09

Next report should be on Dec 01

New year high scored but currently back below the inverted daily channel top off June low (1.5030 today), with the daily Uptrendline off March low at 1.4965 under threat.
Support area at 1.4907/ .4904 (daily Long Term Moving Average↑/ today’s low?), with next levels at 1.4885/ .4870 (50% 1.4626 to 1.5145/ break-up hourly), where pause favored.
If wrong, next levels at 1.4833 (current week low), ahead of 1.4810/ .4800 (daily Stop And Reverse/ Nov 20 low + daily projection band bottom): tough on 1st tests.
Resistance at 1.5023/ .5056 (reaction high hourly/ breakdown hourly), with next levels at 1.5099/ .5115 (daily Bollinger top/ daily envelope top), ahead of 1.5145 (current new year high) and 1.5164/ .5168 (76.4% 1.6040 to 1.2331/ 1st Irregular B off 1.4626), where pause favored.
If wrong, next levels at 1.5232/ .5255 (2nd Irregular B/ daily Starc top): tough on 1st attempts.

USD/JPY: (86.10) Below channel off 92.33

EUR/GBP: (.9092) Currently above .9066

EUR/JPY: (128.50) Below 131.01