RTFX TraderTip >> EUR-USD Analysis - Wednesday 24 June 2009

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RTFX TraderTip >> EUR-USD Analysis - 24 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 : impulse wave up 1.4171 Scenario for today Currently uptrend should end around 1.4092 - 1.4180 area. A correction down to 1.3953 - 1.3901 is expected. A rise above 1.4284 will abort the expected correction. Key point 1.4185 Entry point 1.3964 Elliott 1.3826 Closing 1.4077 Projection 1.4242 Trendline 1.3829 Trendline 1.3832 Res 2 1.4284 Ex-High 1.4108 Res 1 1.4180 Pivot 1.4005 Sup 1 1.3901 Ex-Low 1.3829 Sup 2 1.3726 1.4095 1.4045 1.3883 1.3833   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 1.4113 Scenario for this week Market should hold major support at 1.3767 before rising towards 1.4055 or even 1.4165 limit. Key point 1.3904 Entry point 1.3826 Elliott 1.3748 Closing 1.3944 Projection 1.4113 Trendline 1.3973 Trendline 1.3849 Res 2 1.4165 Ex-High 1.4012 Res 1 1.4055 Pivot 1.3901 Sup 1 1.3791 Ex-Low 1.3748 Sup 2 1.3637 1.4144 1.4060 1.3787 1.3703   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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