Mizuho Corporate Bank

Technical Analysis 12 January 2010

EUR
EUR=EBS, Last Quote [Candle] EUR=, Bid [Ichimoku 9, 26, 52, 26] Daily
10Sep09 - 17Feb10
Pr
EUR=EBS , Last Quote, Candle
12Jan10 1.4512 1.4520 1.4453 1.4498
EUR= , Bid, Tenkan Sen 9 1.51
12Jan10 1.4406
EUR= , Bid, Kijun Sen 26
1.505
12Jan10 1.4541
EUR= , Bid, Senkou Span(a) 52
16Feb10 1.4474 1.5
EUR= , Bid, Senkou Span(b) 52
16Feb10 1.4680 1.495
EUR= , Bid, Chikou Span 26
08Dec09 1.4498 1.49

1.485

1.48

1.475

1.47

1.465

1.46

1.455

1.45

1.445

1.44

1.435

1.43

1.425

15Sep09 22Sep 29Sep 06Oct 13Oct 20Oct 27Oct 03Nov 10Nov 17Nov 24Nov 01Dec 08Dec 15Dec 22Dec 29Dec 05Jan 12Jan 19Jan 26Jan 02Feb 09Feb 16Feb

Comment: Basing against Fibonacci retracement support and the 200-day moving average at 1.4250,
breaking to new recent highs, testing the 26-day moving average at 1.4541. Momentum has turned bullish and the
Euro is not overbought. Good futures volume Friday on declining open interest suggest many have been wrong-
footed by the latest little rally.

Strategy: Buy at 1.4500, adding to 1.4455; stop well below 1.4400. Short term target 1.4550, then 1.4800.
Chart Levels:
Support Resistance Direction of Trade
1.4473 1.4534
1.4450 1.4557/1.4573
1.4400* 1.4600
1.4300 1.4680
1.4255 1.4800*

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.

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