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Mizuho Corporate Bank

Technical Analysis 05 August 2010


EUR
EUR=EBS, Last Quote [Candle], Last Quote [Ichimoku 9, 26, 52, 26] Daily
09Apr10 - 13Sep10
Pr

1.36

50.0 1.35

1.34

1.33

1.32

38.2
1.31

1.3

1.29

1.28

1.27

1.26

1.25

1.24

EUR=EBS , Last Quote, Candle 1.23


05Aug10 1.3160 1.3175 1.3144 1.3153
EUR=EBS , Last Quote, Tenkan Sen 9
05Aug10 1.3059 1.22
EUR=EBS , Last Quote, Kijun Sen 26
05Aug10 1.2728 1.21
EUR=EBS , Last Quote, Senkou Span(a) 52
09Sep10 1.2893 1.2
EUR=EBS , Last Quote, Senkou Span(b) 52
09Sep10 1.2569
EUR=EBS , Last Quote, Chikou Span 26 1.19
01Jul10 1.3153
13Apr10 20Apr 27Apr 04May 11May 18May 25May 01Jun 08Jun 15Jun 22Jun 29Jun 06Jul 13Jul 20Jul 27Jul 03Aug 10Aug 17Aug 24Aug 31Aug 07Sep

Comment: Hovering at 38% Fibonacci retracement resistance with consensus opinion in Reuters FX Poll for it
to drop to 1.2000 in 12 months’ time. The Euro is less overbought though bullish momentum has eased
considerably. Futures open interest has barely budged from a month ago suggesting entrenched opinions.

Strategy: Attempt longs 1.3160; stop well below 1.2980. First target 1.3230, then 1.3300/1.3365.
Chart Levels:
Support Resistance Direction of Trade
1.3131 1.3175
1.3065/1.3050 1.3233
1.2980* 1.3262*
1.2850 1.3300
1.2800 1.3365

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.