June 6, 2011

Technical Analysis Vista

International Markets Analysis
FINANCIAL PRODUCTS SALES DIVISION

` EUR/USD:
EUR/USD is trading with some upwards bias, posting today a high since 5/5/11 ($1.4658).
Resistance level of $1.4711 (76.4% Fibonacci retracement level: $1.4939-$1.3968) will likely hold
for the day at least. Some consolidation could happen later in the day with intraday support at
$1.4536 (55 hours MA).
For the 1 week horizon: Strong resistance level at $1.4711 area (76.4% Fibonacci retracement
level: $1.4939-$1.3968) and at $1.4939 (4/5/11 high). Support levels at $1.4450 area (Fibonacci
retracement 61.8%: $1.6038-$1.1875), $1.4365 (55 days MA) and at $1.4280 (31/5/11 low and 21
days MA).
Hourly QEUR=

4:00 AM 4/28/2011 - 9:00 PM 6/7/2011 (GMT)

Price
USD

100.0% 1.4939

76.4%

1.471

61.8%

1.4568

50.0%

1.4454

38.2%

1.4339

1.49
BarOHLC, QEUR=, Bid
10:00 AM 6/6/2011, 1.4635, 1.4653, 1.4632, 1.4638 1.48
SMA, QEUR=, Bid(Last), 21
1.47
10:00 AM 6/6/2011, 1.4634
SMA, QEUR=, Bid(Last), 5
1.46
10:00 AM 6/6/2011, 1.4637
SMA, QEUR=, Bid(Last), 55
1.45
10:00 AM 6/6/2011, 1.4536
1.44
1.43

23.6%

1.42

1.4197

1.41
0.0%

1.4

1.3968

.1234
29 01

03 04 05 06 08

10 11 12 13 15

17 18 19 20 22

May 2011

24 25 26 27 29

31 01 02 03 05

07

June 2011

Source: International Markets Analysis, Reuters.

For the 1 month horizon: Resistance at $1.4939 (4/5/11 high). Support at $1.4280 (31/5/11 low
and 21 days MA) and at $1.3968 (23/5/11 low). For the 1-3 month horizon, the break downwards
of the 55 days MA from the 21 days MA on 30/5/11 may be a signal of fatigue for EUR/USD.

International Markets Analysis

t.+30 210 326 8265, marketanalysis@alpha.gr

Daily QEUR=

76.4%

1.5055

61.8%

1.4448

50.0%

1.3956

38.2%

1.3465

23.6%

1.2858

2/7/2008 - 8/9/2011 (GMT)

Cndl, QEUR=, Bid
6/6/2011, 1.4627, 1.4658, 1.4614, 1.4639
SMA, QEUR=, Bid(Last), 200
6/6/2011, 1.3751
SMA, QEUR=, Bid(Last), 21
100.0%
76.4%
6/6/2011, 1.4279
61.8%
SMA, QEUR=, Bid(Last), 55
38.2%
6/6/2011, 1.4365

100.0% 1.6038

0.0%

Price
USD

1.494
1.4711
1.4569
1.434

1.5

1.3969

1.4

1.45

1.35
1.3
1.25
.1234

0.0%
1.1875
MACD, QEUR=, Bid(Last), 12, 26, 9, Exponential
6/6/2011, 0.0035, -0.0019

Value
USD

RSI, QEUR=, Bid(Last), 9, Wilder Smoothing

6/6/2011, 68.523

Q2

Q3

Q4

Q1

2008

Q2

Q3

Value
USD
Q4

Q1

Q2

2009

Q3

Q4

Q1

2010

Q2

Q3

123

2011

International Markets Analysis

Disclaimer:

www.alpha.gr

+30 210 326 8265

marketanalysis@alpha.gr

Panos Remoundos
Maria Koutouzi
Ioannis Kouravelos, CFA
Kostas Anathreptakis

+30 210 326 8272

+30 210 326 8285
+30 210 326 8286
+30 210 326 8288

premoundos@alpha.gr
mkoutouzi@alpha.gr
ikouravelos@alpha.gr
kanathreptakis@alpha.gr

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