RTFX TraderTip >> EUR-USD Analysis - Tuesday 16 June 2009

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RTFX TraderTip >> EUR-USD Analysis - 16 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 : irregular flat correction down 1.3717 Scenario for today One more dip to 1.3780 - < s1> is likely followed by a grind higher to 1.3903 - 1.3951. After which it can resume its downtrend. Key point 1.3732 Entry point 1.3852 Elliott 1.4178 Closing 1.3803 Projection 1.3574 Trendline 1.4009 Trendline 1.3875 Res 2 1.4100 Ex-High 1.4002 Res 1 1.3951 Pivot 1.3854 Sup 1 1.3705 Ex-Low 1.3756 Sup 2 1.3608 1.4127 1.4064 1.3858 1.3795   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week It is likely to fall towards 1.3901 - 1.3809 as its corrective rally could falter in 1.4088 - 1.4182 area. Stop above 1.4367 zone. Key point 1.3834 Entry point 1.3966 Elliott 1.4338 Closing 1.3998 Projection 1.3424 Trendline 1.4178 Trendline 1.4018 Res 2 1.4367 Ex-High 1.4178 Res 1 1.4182 Pivot 1.3994 Sup 1 1.3809 Ex-Low 1.3805 Sup 2 1.3621 1.4185 1.4090 1.3781 1.3686   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 1.4300 Entry point 1.3827 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 1.4491 1.4253 1.3484 1.3246   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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