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EUR/PLN: (4.1040)
4.2060
4.2050
4.20
4.1790
4.1550
4.15
4.10
4.05
4.0405
4.0120 4.00
3.9400 3.95
3.90
3.85
SUPPORT RESISTANCE
Pair hit a new recovery high off year low on break of IMF talks: currently back below the Uptrendline off
262.05 (see graph): Support at 283.66/ .50 (current week low/ gap daily + daily Bollinger midline), where
pause favored.
If wrong, next levels at 282.43 (daily Medium + Long Term Moving Averages→), ahead of 280.51/ .19 (break-
up daily/ 38.2% 260.93 to 292.10): tough on 1st attempts.
Resistance at 287.15 (reaction high hourly), with next levels at 288.40/ .76 (breakdown hourly/ daily envelope
top), where pause favored.
If wrong, next levels at 289.77/ 290.38 (modified daily Standard error band top/ daily Bollinger top): tough on 1st
attempts.
SUPPORT RESISTANCE
283.66/ .50 (current week low/ daily Bollinger midline +
287.15 (see above)
see above)
282.43 (see above) 288.40/ .76 (see above/ daily envelope top)
280.51/ .19 (break-up daily/ 38.2% 260.93 to 292.10) 289.77/ 290.38 (see above/ daily Bollinger top)
KBC Bank N.V. - Treasury and Capital Markets Front Office, Market Research 2
Thursday, July 22, 2010
37.4455 37.4
37.3
21 31 7 14 21 28 5 12 19
2010 June July
Resistance at 39.0950/ .1178 (breakdown hourly/ daily envelope top + daily Medium Term Moving Average↓),
with next levels at 39.1850/ 1900 (breakdown hourly/ daily) and 39.2209 (daily Short Term Moving Average↓),
where pause favored.
If wrong, next levels at 39.5805 (modified daily Alpha Beta trend top), ahead of 39.6470/ .6765 (current new
recovery high off year low/ April high): tough on 1st attempts.
SUPPORT RESISTANCE
38.8882/ .8700 (see above) 39.0950/ .1178 (see above/ daily envelope top + see above)
38.8150/ .7600 (reaction lows hourly) 39.1850/ .1900 (breakdown hourly/ daily)
38.7315/ .7170 (see above/ break-up hourly) 39.2209/ .5805 (daily ST MA↓/ see above)
KBC Bank N.V. - Treasury and Capital Markets Front Office, Market Research 3
Thursday, July 22, 2010
Below 25.4200 (see graph) and below weekly Uptrendline off low (25.4830).
Testing channel bottom off 26.3000 (see graph and daily Uptrendline off Sept 2009 low (25.1710 today):
Support at 25.1330/ .1200 (daily Bollinger bottom/ modified daily Alpha beta trend bottom bottom), where
pause favored.
If wrong, next levels at 25.1090 (weekly Bollinger bottom) and 25.0150 (year low) and 24.9750 (Sept 2009
low): tough on 1st attempts.
Resistance area at 25.3300 (daily envelope top), with next levels at 25.3880 (daily Medium Term Moving Av-
erage↓), ahead of 25.4000/ .4200 (reaction high hourly/ breakdown hourly): ideal area to stay below to keep
current mood on CZK.
If unable to cap, next levels at 25.4950/ .5220 (daily projection band top + daily Bollinger midline/ current week
high), where pause favored.
SUPPORT RESISTANCE
25.1330/ .1200 (daily Bollinger bottom/ see above) 25.3300 (daily envelope top)
KBC Bank N.V. - Treasury and Capital Markets Front Office, Market Research 4
Thursday, July 22, 2010
KBC Bank N.V. - Treasury and Capital Markets Front Office, Market Research 5