Mizuho Corporate Bank

Technical Analysis 14 January 2010

GBP
EUR=EBS, Last Quote [Candle] EUR=, Bid [Ichimoku 9, 26, 52, 26] Daily
28Sep09 - 19Feb10
Pr
EUR=EBS , Last Quote, Candle 1.515
14Jan10 1.4510 1.4556 1.4495 1.4540
EUR= , Bid, Tenkan Sen 9 1.51
14Jan10 1.4419
EUR= , Bid, Kijun Sen 26
14Jan10 1.4496 1.505
EUR= , Bid, Senkou Span(a) 52
18Feb10 1.4457 1.5
EUR= , Bid, Senkou Span(b) 52
18Feb10 1.4680 1.495
EUR= , Bid, Chikou Span 26
10Dec09 1.4537
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

05Oct09 12Oct 19Oct 26Oct 02Nov 09Nov 16Nov 23Nov 30Nov 07Dec 14Dec 21Dec 28Dec 04Jan 11Jan 18Jan 25Jan 01Feb 08Feb 15Feb

Comment: Rallying to new recent highs but stuck below a large Ichimoku ‘cloud’. Note this narrows sharply
th
by the 26 of this month so prices should be able to break through it eventually.

Strategy: Attempt longs at 1.6300, adding to 1.6235; stop well below 1.6100. Add to longs on a sustained break
above 1.6310 for 1.6400, then more.
Chart Levels:
Support Resistance Direction of Trade
1.6235 1.6309
1.6135 1.6340
1.6060 1.6415
1.5925 1.6500
1.5895* 1.6600

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.