RTFX TraderTip >> EUR-USD Analysis - Wednesday 17 June 2009

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RTFX TraderTip >> EUR-USD Analysis - 17 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 : resistance in a flat correction 1.3898 Scenario for today It is likely to fall towards 1.3745 - 1.3654 unless a corrective rally breaks the 1.3885 resistance. Stop above 1.3931 zone. Key point 1.3810 Entry point 1.3841 Elliott 1.4178 Closing 1.3837 Projection 1.3574 Trendline 1.3898 Trendline 1.3866 Res 2 1.4026 Ex-High 1.3934 Res 1 1.3931 Pivot 1.3840 Sup 1 1.3745 Ex-Low 1.3748 Sup 2 1.3654 1.4084 1.4025 1.3834 1.3776   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 1.4187 1.4090 1.3777 1.3680   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 1.4284 Entry point 1.3821 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 1.4492 1.4253 1.3480 1.3241   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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