Mizuho Corporate Bank

Technical Analysis 19 January 2010

EUR
EUR=EBS, Last Quote [Candle] EUR=, Bid [Ichimoku 9, 26, 52, 26] Daily
19Sep09 - 24Feb10
Pr
EUR=EBS , Last Quote, Candle 1.515
19Jan10 1.4384 1.4415 1.4381 1.4398
EUR= , Bid, Tenkan Sen 9 1.51
19Jan10 1.4422
EUR= , Bid, Kijun Sen 26
1.505
19Jan10 1.4440
EUR= , Bid, Senkou Span(a) 52
23Feb10 1.4431 1.5
EUR= , Bid, Senkou Span(b) 52
23Feb10 1.4680 1.495
EUR= , Bid, Chikou Span 26
15Dec09 1.4396 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

25Sep09 02Oct 09Oct 16Oct 23Oct 30Oct 06Nov 13Nov 20Nov 27Nov 04Dec 11Dec 18Dec 25Dec 01Jan 08Jan 15Jan 22Jan 29Jan 05Feb 12Feb 19Feb

Comment: Rather messy as the Euro loses ground (slowly) against a series of other European currencies.
Futures positions are being re-built and volume has been fairly good so far this year, despite relatively narrow
ranges, suggesting much speculation.

Strategy: Stand aside if possibly. If not, attempt small longs at 1.4400; stop below 1.4335. Short term target
1.4460, then 1.4550.
Chart Levels:
Support Resistance Direction of Trade
1.4381 1.4415
1.4335 1.4460
1.4300 1.4555
1.4255 1.4580*
1.4218/1.4200* 1.4600

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.