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    Technical Analysis 11 January 2010 EUR: Comment: Strategy: Chart Levels

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    Miir Viir
    This document provides a technical analysis of the EUR=EBS exchange rate. It analyzes indicators like the Tenkan Sen line, Kijun Sen line, Senkou Span lines, and Chikou Span line to conclude that momentum has turned bullish for the Euro. It recommends attempting long positions at support levels of 1.4455 and 1.4495, with upside targets of 1.4550 and 1.4800 as the Euro tests resistance at the 26-day moving average of 1.4561. Downside support levels are identified at 1.4365, 1.4300, and 1.4255.

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    Technical Analysis 11 January 2010 EUR: Comment: Strategy: Chart Levels

    Uploaded by

    Miir Viir
    22 views1 page
    This document provides a technical analysis of the EUR=EBS exchange rate. It analyzes indicators like the Tenkan Sen line, Kijun Sen line, Senkou Span lines, and Chikou Span line to conclude that momentum has turned bullish for the Euro. It recommends attempting long positions at support levels of 1.4455 and 1.4495, with upside targets of 1.4550 and 1.4800 as the Euro tests resistance at the 26-day moving average of 1.4561. Downside support levels are identified at 1.4365, 1.4300, and 1.4255.

    Original Description:

    Forex Technical Analysis

    Original Title

    Mizuho Corporate Bank

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    This document provides a technical analysis of the EUR=EBS exchange rate. It analyzes indicators like the Tenkan Sen line, Kijun Sen line, Senkou Span lines, and Chikou Span line to conclude that momentum has turned bullish for the Euro. It recommends attempting long positions at support levels of 1.4455 and 1.4495, with upside targets of 1.4550 and 1.4800 as the Euro tests resistance at the 26-day moving average of 1.4561. Downside support levels are identified at 1.4365, 1.4300, and 1.4255.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views1 page

    Technical Analysis 11 January 2010 EUR: Comment: Strategy: Chart Levels

    Uploaded by

    Miir Viir
    This document provides a technical analysis of the EUR=EBS exchange rate. It analyzes indicators like the Tenkan Sen line, Kijun Sen line, Senkou Span lines, and Chikou Span line to conclude that momentum has turned bullish for the Euro. It recommends attempting long positions at support levels of 1.4455 and 1.4495, with upside targets of 1.4550 and 1.4800 as the Euro tests resistance at the 26-day moving average of 1.4561. Downside support levels are identified at 1.4365, 1.4300, and 1.4255.

    Copyright:

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    Download as PDF, TXT or read online from Scribd
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    Mizuho Corporate Bank

    Technical Analysis 11 January 2010


    EUR
    EUR=EBS, Last Quote [Candle] EUR=, Bid [Ichimoku 9, 26, 52, 26] Daily
    11Sep09 - 16Feb10
    Pr
    EUR=EBS , Last Quote, Candle 1.515
    11Jan10 1.4438 1.4534 1.4408 1.4506
    EUR= , Bid, Tenkan Sen 9 1.51
    11Jan10 1.4394
    EUR= , Bid, Kijun Sen 26 1.505
    11Jan10 1.4561
    EUR= , Bid, Senkou Span(a) 52
    15Feb10 1.4477 1.5
    EUR= , Bid, Senkou Span(b) 52
    15Feb10 1.4680 1.495
    EUR= , Bid, Chikou Span 26
    07Dec09 1.4504 1.49

    1.485

    1.48

    1.475

    1.47

    1.465

    1.46

    1.455

    1.45

    1.445

    1.44

    1.435

    1.43

    1.425

    15Sep09 22Sep 29Sep 06Oct 13Oct 20Oct 27Oct 03Nov 10Nov 17Nov 24Nov 01Dec 08Dec 15Dec 22Dec 29Dec 05Jan 12Jan 19Jan 26Jan 02Feb 09Feb 16Feb

    Comment: Basing against Fibonacci retracement support and the 200-day moving average at 1.4250, as
    expected, and now set to test the 26-day moving average at 1.4561. Momentum has turned bullish and the Euro is
    not overbought.

    Strategy: Attempt longs at 1.4495, adding to 1.4455; stop well below 1.4400. Short term target 1.4550, then
    1.4800.
    Chart Levels:
    Support Resistance Direction of Trade
    1.4455 1.4534
    1.4402* 1.4561/1.4573
    1.4365 1.4600
    1.4300 1.4680
    1.4255 1.4800*

    Produced by London Branch - Nicole Elliott +44-20-7786-2509


    The information contained in this paper is based on or derived from information generally available to the public from sources believed to be reliable. No representation or
    warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This paper has been prepared
    solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading
    strategy.

    Charts provided by Reuters.

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