Technical Analysis, Friday 19 Dec 2008

Title:	EUR/USD intraday: the downside prevails.
Summary:	Update on supports and resistances.
Story:	Pivot: 1.4400. Our Preference: SHORT positions @ 1.439 with 1.418 & 1.4045 in sight. Alternative scenario: The upside penetration of 1.44 will call for a rebound towards 1.4515 & 1.47. Comment: the 120-min RSI validated a bearish divergence calling for a correction. Trend: ST Ltd Downside; MT Range Key levels Comment 1.47* Intraday resistance 1.4515* Fib retracement (61.8%) 1.44*** Intraday pivot point 1.427 Last 1.418*** Fib retracement (50%) 1.4045** Fib retracement (61.8%) 1.39** Fib retracement (38.2%)

Ticker:	EUR
Last:	1.427
Pivot:	1.44
1st sup.	1.418
2nd sup.	1.4045
3rd sup.	1.39
1st res.	1.44
2nd res.	1.4515
3rd res.	1.47