RTFX TraderTip >> EUR-USD Analysis - Tuesday 26 May 2009

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RTFX TraderTip >> EUR-USD Analysis - 26 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 : impulse wave up 1.4090 Scenario for today A correction down to 1.3971 or lower is now expected from 1.4027 or 1.4050. A break above 1.4083 is needed to turn bullish. Key point 1.4101 Entry point 1.4070 Elliott 1.3424 Closing 1.4017 Projection 1.4090 Trendline 1.4024 Trendline 1.4083 Res 2 1.4083 Ex-High 1.4037 Res 1 1.4050 Pivot 1.4004 Sup 1 1.3971 Ex-Low 1.3958 Sup 2 1.3925 1.4020 1.3975 1.3831 1.3787   Warning: Imminent end of bearish move - Harami WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.4051 Scenario for this week Difficult to predict next move. It should stay in a trading range between 1.3600 - 1.4227. A break of 1.4452 is needed for a continuation of up trend. Key point 1.4492 Entry point 1.3958 Elliott 1.3424 Closing 1.4001 Projection 1.4051 Trendline 1.3665 Trendline 1.3665 Res 2 1.4452 Ex-High 1.4051 Res 1 1.4227 Pivot 1.3825 Sup 1 1.3600 Ex-Low 1.3424 Sup 2 1.3198 1.4153 1.4044 1.3691 1.3582   Warning: End of trend - Imminent end of bullish move - Engulfing pattern MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 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 1.4530 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 1.4053 1.3816 1.3049 1.2812   Warning: Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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