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Mizuho Corporate Bank

Technical Analysis 13 January 2010


EUR
EUR=EBS, Last Quote [Candle] EUR=, Bid [Ichimoku 9, 26, 52, 26] Daily
15Sep09 - 18Feb10
Pr
EUR=EBS , Last Quote, Candle 1.515
13Jan10 1.4485 1.4506 1.4456 1.4500
EUR= , Bid, Tenkan Sen 9 1.51
13Jan10 1.4406
EUR= , Bid, Kijun Sen 26
1.505
13Jan10 1.4499
EUR= , Bid, Senkou Span(a) 52
17Feb10 1.4453 1.5
EUR= , Bid, Senkou Span(b) 52
17Feb10 1.4680 1.495
EUR= , Bid, Chikou Span 26
09Dec09 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

1.42
21Sep09 28Sep 05Oct 12Oct 19Oct 26Oct 02Nov 09Nov 16Nov 23Nov 30Nov 07Dec 14Dec 21Dec 28Dec 04Jan 11Jan 18Jan 25Jan 01Feb 08Feb 15Feb

Comment: Consolidating neatly just above new recent highs, the upside currently limited by the 26-day
moving average. Momentum is bullish and the Euro is not overbought. Price action over the last four days can be
seen as a ‘pennant’ suggesting another burst higher this week with a measured target of at least 1.4720, maybe
1.4825.

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
1.4480 1.4546
1.4453 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.

Charts provided by Reuters.