Mizuho Corporate Bank

Technical Analysis 04 August 2010

EUR
EUR=EBS, Last Quote [Candle], Last Quote [Ichimoku 9, 26, 52, 26] Daily
07Apr10 - 10Sep10
Pr
1.37

1.36

50.0 1.35

1.34

1.33

1.32

38.2
1.31

1.3

1.29

1.28

1.27

1.26

1.25

1.24
EUR=EBS , Last Quote, Candle
04Aug10 1.3232 1.3240 1.3202 1.3204 1.23
EUR=EBS , Last Quote, Tenkan Sen 9
04Aug10 1.3028 1.22
EUR=EBS , Last Quote, Kijun Sen 26
04Aug10 1.2715
1.21
EUR=EBS , Last Quote, Senkou Span(a) 52
08Sep10 1.2871
EUR=EBS , Last Quote, Senkou Span(b) 52 1.2
08Sep10 1.2569
EUR=EBS , Last Quote, Chikou Span 26 1.19
30Jun10 1.3204
13Apr10 20Apr 27Apr 04May 11May 18May 25May 01Jun 08Jun 15Jun 22Jun 29Jun 06Jul 13Jul 20Jul 27Jul 03Aug 10Aug 17Aug 24Aug 31Aug 07Sep

Comment: The Euro has retraced over 38% of this year’s declines so it will be interesting to see what
consensus opinion will be in today’s Reuters FX Poll. There is little to hamper it’s rally other than being overbought,
so we still favour a rally up to 1.3400, one standard deviation above the long term mean, this month and maybe
1.3700 in six weeks or so.

Strategy: Attempt longs at 1.3200, adding to 1.3150; stop well below 1.2980. First target 1.3250, then
1.3300/1.3365.
Chart Levels:
Support Resistance Direction of Trade
1.3200 1.3240
1.3183 1.3262*
1.3146 1.3300
1.3060 1.3365
1.2980* 1.3420

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.