Mizuho Corporate Bank

Technical Analysis 21 January 2010

EUR
EUR=EBS, Last Quote [Candle] EUR=, Bid [Ichimoku 9, 26, 52, 26] Weekly
04Oct08 - 29Jul10
Pr

1.5

1.48

1.46

1.44

1.42

1.4

1.38

1.36

1.34

EUR=EBS , Last Quote, Candle

24Jan10 1.4375 1.4415 1.4067 1.4116 1.32
EUR= , Bid, Tenkan Sen 9
24Jan10 1.4604
EUR= , Bid, Kijun Sen 26 1.3
24Jan10 1.4575
EUR= , Bid, Senkou Span(a) 52
18Jul10 1.4589 1.28
EUR= , Bid, Senkou Span(b) 52
18Jul10 1.3800
EUR= , Bid, Chikou Span 26 1.26
02Aug09 1.4114

1.24

Nov08 Dec Jan09 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan10 Feb Mar Apr May Jun Jul

Comment: Dropping below the flat-topped Ichimoku ‘cloud’ because it drops suddenly to a trough next week.
Approaching the 50% long term Fibonacci retracement support so watch how it might react here. The Euro is as
oversold as it was in thin markets at Christmas and good futures volume suggests an element of panic.

Strategy: Stand aside if possibly. If not, attempt small longs at 1.4115; stop below 1.4000. Short term target
1.4200, then 1.4300.
Chart Levels:
Support Resistance Direction of Trade
1.4085 1.4138
1.4067 1.4200
1.4045 1.4220
1.4000** 1.4311
1.3900 1.4415

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.