RTFX TraderTip >> EUR-USD Analysis - Thursday 04 June 2009

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RTFX TraderTip >> EUR-USD Analysis - 4 Jun 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 : correction zigzag 1.4065 Scenario for today Prefer a fall to 1.4136 or 1.4069. Then a correction to 1.4250 is anticipated. A clear break of 1.3974 is again bearish. Key point 1.4103 Entry point 1.4220 Elliott 1.4338 Closing 1.4163 Projection 1.4001 Trendline 1.4184 Trendline 1.4188 Res 2 1.4432 Ex-High 1.4338 Res 1 1.4298 Pivot 1.4203 Sup 1 1.4069 Ex-Low 1.4109 Sup 2 1.3974 1.4320 1.4261 1.4068 1.4009   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat support in correction up 1.4042 Scenario for this week Currently uptrend should end around 1.4347 - 1.4273 area. A correction down to below 1.3897 is expected. A rise above 1.4409 will abort the expected correction. Key point 1.4437 Entry point 1.4123 Elliott 1.2885 Closing 1.4137 Projection 1.4757 Trendline 1.3753 Trendline 1.4162 Res 2 1.4409 Ex-High 1.4169 Res 1 1.4273 Pivot 1.4033 Sup 1 1.3897 Ex-Low 1.3793 Sup 2 1.3657 1.4348 1.4253 1.3946 1.3851   Warning: End of trend - Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.4379 Scenario for this month Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4440 or 1.4467 if support around 1.3839 hold. After which a pullback to 1.3839 - 1.3675 zone is possible. Key point 1.4986 Entry point 1.4055 Elliott 1.2456 Closing 1.4137 Projection 1.4530 Trendline 1.3345 Trendline 1.3590 Res 2 1.4796 Ex-High 1.4169 Res 1 1.4467 Pivot 1.3839 Sup 1 1.3510 Ex-Low 1.3212 Sup 2 1.2882 1.4437 1.4253 1.3656 1.3472   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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