KBC technical analysis reports: EUR/USD, USD/JPY, EUR/GBP, EUR/JPY

New recovery high on move above 1.2454 (see graph) and above daily channel top off Dec high.Above channel off 1.1876 (see graph) but now back below the daily Flag off year low (bottom at 1.2990 today).

Support area at 1.2927(reaction low hourly), with next levels at 1.2902/ .2898 (daily Short Term Moving Average↑/daily envelope bottom), ahead of 1.2871 (current week low): ideal area to stay above to keep current bettertone for €.

If unable to hold, next levels at 1.2848 (break-up hourly), ahead of 1.2778/ .2768 (break-up daily/ weekly envelopebottom), where pause favored.

Resistance at 1.2990/ .2992 (see above/ current week high), with next levels at 1.3008 (current new recoveryhigh off year low), ahead of 1.3032 (see above) and 1.3059 (daily envelope top), where pause favored.

If wrong, next levels at 1.3065/ .3075 (daily Bollinger top/ 61.8% 1.3819 to 1.1876), ahead of 1.3095 (May 10high + modified daily Standard Error band top): tough on 1st tests, amid overextended readings.