RTFX TraderTip >> EUR-USD Analysis - Wednesday 08 July 2009

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RTFX TraderTip >> EUR-USD Analysis - 8 Jul 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 1.3836 Scenario for today Prefer a fall to 1.3914 or 1.3868. Then a correction to 1.3987 is anticipated. A clear break of 1.3812 is again bearish. Key point 1.3872 Entry point 1.3961 Elliott 1.4050 Closing 1.3924 Projection 1.3877 Trendline 1.3903 Trendline 1.3929 Res 2 1.4106 Ex-High 1.4050 Res 1 1.4015 Pivot 1.3959 Sup 1 1.3868 Ex-Low 1.3903 Sup 2 1.3812 1.4076 1.4038 1.3917 1.3879   Warning: Low Zone WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.3814 Scenario for this week It looks more likely that it would rise to 1.4143 - 1.4308 from 1.3953 or 1.3870. After which a downside move is expected. Key point 1.3899 Entry point 1.4050 Elliott 1.4201 Closing 1.3977 Projection 1.3748 Trendline 1.3942 Trendline 1.4030 Res 2 1.4308 Ex-High 1.4201 Res 1 1.4143 Pivot 1.4035 Sup 1 1.3870 Ex-Low 1.3928 Sup 2 1.3762 1.4194 1.4125 1.3903 1.3834   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.4228 Scenario for this month Resistances lie around 1.4185 and 1.4331. It should test lower towards 1.3741 zone. A clear break of 1.4010 would be bearish. Key point 1.4232 Entry point 1.4152 Elliott 1.2456 Closing 1.4033 Projection 1.4530 Trendline 1.3821 Trendline 1.4284 Res 2 1.4630 Ex-High 1.4338 Res 1 1.4331 Pivot 1.4040 Sup 1 1.3741 Ex-Low 1.3748 Sup 2 1.3450 1.4410 1.4269 1.3812 1.3671   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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