RTFX TraderTip >> EUR-USD Analysis - Wednesday 20 May 2009

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RTFX TraderTip >> EUR-USD Analysis - 20 May 2009 The RF Tradertip™ is the presentation of Nostromo system that includes all the technical indicators and resumes the selected currencies pairs' situation on a daily, weekly and monthly basis. DAILY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.3722 Scenario for today Current rise should end around 1.3688. Objectives of this downmove are 1.3550 or 1.3471. A rise above 1.3747 is again bullish. Key point 1.3680 Entry point 1.3631 Elliott 1.3424 Closing 1.3629 Projection 1.3722 Trendline 1.3530 Trendline 1.3636 Res 2 1.3747 Ex-High 1.3668 Res 1 1.3688 Pivot 1.3609 Sup 1 1.3550 Ex-Low 1.3530 Sup 2 1.3471 1.3684 1.3642 1.3507 1.3465   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.3402 Scenario for this week There are initial signs of a good corrective recovery towards 1.3606 or even 1.3654. Supports at 1.3476 and 1.3394 zone. Key point 1.3614 Entry point 1.3668 Elliott 1.3722 Closing 1.3490 Projection 1.3402 Trendline 1.3488 Trendline 1.3712 Res 2 1.3818 Ex-High 1.3722 Res 1 1.3654 Pivot 1.3558 Sup 1 1.3394 Ex-Low 1.3462 Sup 2 1.3298 1.3773 1.3695 1.3443 1.3365   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.3738 Scenario for this month There are initial signs of a good corrective recovery to at least 1.3406 or even above 1.3580. Supports at 1.2883 zone. Key point 1.3590 Entry point 1.3345 Elliott 1.2456 Closing 1.3230 Projection 1.3738 Trendline 1.2885 Trendline 1.3314 Res 2 1.3929 Ex-High 1.3582 Res 1 1.3580 Pivot 1.3232 Sup 1 1.2883 Ex-Low 1.2885 Sup 2 1.2535 1.3838 1.3652 1.3049 1.2863   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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