Mizuho Corporate Bank

Technical Analysis 14 January 2010

EUR
EUR=EBS, Last Quote [Candle] EUR=, Bid [Ichimoku 9, 26, 52, 26] Daily
28Sep09 - 19Feb10
Pr
EUR=EBS , Last Quote, Candle 1.515
14Jan10 1.4510 1.4556 1.4495 1.4540
EUR= , Bid, Tenkan Sen 9 1.51
14Jan10 1.4419
EUR= , Bid, Kijun Sen 26
14Jan10 1.4496 1.505
EUR= , Bid, Senkou Span(a) 52
18Feb10 1.4457 1.5
EUR= , Bid, Senkou Span(b) 52
18Feb10 1.4680 1.495
EUR= , Bid, Chikou Span 26
10Dec09 1.4537
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

05Oct09 12Oct 19Oct 26Oct 02Nov 09Nov 16Nov 23Nov 30Nov 07Dec 14Dec 21Dec 28Dec 04Jan 11Jan 18Jan 25Jan 01Feb 08Feb 15Feb

Comment: Still struggling to close above the 26-day moving average at 1.4496. Momentum is bullish and
might increase, pushed by a rising 9-day average. Other major currencies confirm, looking for a weaker USD.

Strategy: Buy at 1.4540, adding to 1.4485; stop well below 1.4400. Short term target 1.4575, then 1.4800.
Chart Levels:
Support Resistance Direction of Trade
1.4495 1.4557
1.4453 1.4580*
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.