Technician Summary 19/10/2009

Koruna halted its weakening at 26.00 psychological level.

Testing of 26.00 level is likely; if successful, koruna should then weaken to 26.40. Second possibility is consolidation in 25.80 - 26.00 range.

EUR/PLN

Zloty is in consolidation at 4.15 - 4.28 level.

Zloty will most likely remain in 4.15 - 4.28 range for some time.

EUR/HUF

Forint is in consolidation in 266 - 273 range.

Consolidation should continue. Breakthrough of 266 or 273 should determine further trend.

EUR/RON

Leu is testing 4.28 level.

Further testing of 4.28 level is likely, but we think that it will not be successful and that leu will eventually return to 4.23 in mid-term horizon. This view is supported by weakening of upward momentum.

EUR/USD

Dollar broke through 1.48 level.

Weakening of dollar should be limited by 1.50 psychological level.

EUR/JPY

EURJPY is testing 135.4 level.

Yen may weaken to 138, but there should at least be correction, due to overbought RSI. Also, upward momentum is still relatively weak.

EUR/CHF

EURCHF is in consolidation around 1.515.

Most likely technical scenario is continuing consolidation close to 1.515.

Platinum

Platinum is testing 1350 resistance.

Platinum will likely break through 1350 level and stay in mid-term trend channel.