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

By: KBC

EUR/USD: (1.3390).

Rebound off 1.2642 is currently above1.3334 (Aug recovery high + neckline daily Double Bottom) and back above the previously broken Uptrendline off year low (1.3306 today). Support area at 1.3368/ .3353 (broken daily Bollinger top/ reaction low hourly), with next levels at 1.3340 (daily envelope bottom) and 1.3309 (break-up hourly). 1.3229/ .3209 = daily Short Term Moving Average↑/ broken200 Day Moving Average↓ + daily modified Alpha Beta trend bottom, where pause favored.

Resistance at 1.3414 (reaction high hourly), ahead of 1.3441/ .3466 (current new recovery high off year low/ 38.2% 1.6040 to 1.1876 + daily Starc top), where pause favored. If wrong, next levels at 1.3484 (Equality C wave off 1.2588), ahead of 1.3510/ .3514 (50% 1.5149 to 1.1876 + daily envelope top/ daily modified Alpha Beta trend top): tough on 1st tests.

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