Mizuho Corporate Bank

Technical Analysis 20 January 2010

EUR
EUR=EBS, Last Quote [Candle] EUR=, Bid [Ichimoku 9, 26, 52, 26] Weekly
09Sep08 - 28Jul10
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 1.4166 1.4205 1.32
EUR= , Bid, Tenkan Sen 9
24Jan10 1.4655
EUR= , Bid, Kijun Sen 26 1.3
24Jan10 1.4575
EUR= , Bid, Senkou Span(a) 52
18Jul10 1.4615 1.28
EUR= , Bid, Senkou Span(b) 52
18Jul10 1.3800
EUR= , Bid, Chikou Span 26 1.26
02Aug09 1.4205

1.24

Oct08 Nov Dec Jan09 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan10 Feb Mar Apr May Jun Jul

Comment: Taking many by surprise as the Euro drops below December’s low to the lowest price since August
last year. Rather messy but we shall continue to see how prices react around long term Fibonacci retracement levels.
Note also how the weekly Ichimoku ‘cloud’ dips dramatically over the coming fortnight but then recovers equally
quickly and moves decidedly higher from April 2010.

Strategy: Stand aside if possibly. If not, attempt small longs at 1.4200; stop below 1.4100. Short term target
1.4300, then 1.4400.
Chart Levels:
Support Resistance Direction of Trade
1.4166 1.4215
1.4120 1.4260
1.4045 1.4295
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.