RTFX TraderTip >> EUR-USD Analysis - Friday 12 June 2009

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RTFX TraderTip >> EUR-USD Analysis - 12 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 : flat correction up 1.4234 Scenario for today Currently uptrend should end around 1.4143 - 1.4210 area. A correction down to below 1.3975 is expected. A rise above 1.4311 will abort the expected correction. Key point 1.4155 Entry point 1.4044 Elliott 1.3805 Closing 1.4108 Projection 1.4268 Trendline 1.3970 Trendline 1.3989 Res 2 1.4311 Ex-High 1.4178 Res 1 1.4210 Pivot 1.4076 Sup 1 1.3975 Ex-Low 1.3943 Sup 2 1.3841 1.4182 1.4119 1.3913 1.3849   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.3773 Scenario for this week It looks more likely that it would rise to 1.4224 - 1.4484 from 1.3948 or 1.3818. After which a downside move is expected. Key point 1.4018 Entry point 1.4178 Elliott 1.4338 Closing 1.3964 Projection 1.3773 Trendline 1.4025 Trendline 1.4186 Res 2 1.4484 Ex-High 1.4338 Res 1 1.4224 Pivot 1.4078 Sup 1 1.3818 Ex-Low 1.3932 Sup 2 1.3672 1.4378 1.4258 1.3869 1.3749   Warning: End of trend 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 1.4398 Entry point 1.3859 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 1.4483 1.4253 1.3508 1.3278   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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