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SUPPORT RESISTANCE
4.0365/ .0307 (see above/ daily envelope bottom) 4.0699 (daily envelope top)
4.0270/ .0222 (daily Bollinger bottom/ see above) 4.0796/ .0878 (daily ST MA↓/ see above)
4.0171/ .0120 (daily Starc bottom/ June 21 low) 4.0990/ .1027 (reaction high hourly/ weekly envelope top)
KBC Bank N.V. - Treasury and Capital Markets Front Office, Market Research
Monday, July 26, 2010
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 283.68 (daily Bollinger midline), ahead of 283.37 (weekly envelope bottom)
and 282.96 (last week low), where pause favored.
If wrong, next levels at 282.75/ .53 (daily Medium/ Long Term Moving Averages↑), ahead of 282.18 (modified
daily Alpha Beta trend bottom) and 280.51/ .19 (break-up daily/ 38.2% 260.93 to 292.10): tough on 1st at-
tempts.
SUPPORT RESISTANCE
KBC Bank N.V. - Treasury and Capital Markets Front Office, Market Research 2
Monday, July 26, 2010
37.4455 37.4
37.3
25 31 7 14 21 28 5 12 19 26
2010 June July
Resistance at 39.2663 (daily envelope top), with next level at 39.3075 (reaction high hourly), where pause fa-
vored.
If wrong, next levels at 39.3750/ .4050 (reaction highs hourly), ahead of 39.4832 (modified daily Alpha Beta
trend top) and 39.6270/ .6470 (weekly envelope top/ current new recovery high off year low)): tough on 1st at-
tempts.
SUPPORT RESISTANCE
39.1431/ .1343 (see above) 39.2663 (daily envelope top see above)
38.9069/ .8997 (daily envelope bottom/ see above) 39.3750/ .4050 (reaction highs hourly)
KBC Bank N.V. - Treasury and Capital Markets Front Office, Market Research 3
Monday, July 26, 2010
Below 25.4200 (see graph) and below weekly Uptrendline off low (25.5040).
Trying to extend below channel bottom off 26.3000 (see graph) and daily Uptrendline off Sept 2009 low
(25.1740 today): Support at 25.0910 (today’s low? + weekly projection band bottom), with next levels at
25.0590/ .0460 (daily/ weekly Bollinger bottoms), ahead of 25.0310/ .0150 ( modified daily Standard Error
banc bottom/ year low + daily envelope bottom), where pause favored.
If wrong, next levels at 24.9750 (Sept 2009 low), ahead of 24.9160 (weekly envelope bottom): tough on 1st
attempts.
Resistance area at 25.1730 (daily envelope top), with next levels at 25.2130/ .2260 (daily Short Term Moving
Average↓/ weekly envelope top), ahead of 25.2800 (breakdown daily) and 25.3200 (daily Medium Term Mov-
ing Average↓): ideal area to stay below to keep current mood on CZK.
If unable to cap, next levels at 25.4000/ .4200 (reaction high hourly/ breakdown hourly), where pause favored.
SUPPORT RESISTANCE
25.0590/ .0460 (daily/ weekly Bollinger bottoms)) 25.2130/ .2260 (daily ST MA↓/ weekly envelope top)
KBC Bank N.V. - Treasury and Capital Markets Front Office, Market Research 4
Monday, July 26, 2010
KBC Bank N.V. - Treasury and Capital Markets Front Office, Market Research 5