RTFX TraderTip >> EUR-USD Analysis - Thursday 09 July 2009

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RTFX TraderTip >> EUR-USD Analysis - 9 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 : elongated flat correction down 1.3791 Scenario for today Current fall is near an end of wave around 1.3831 zone, a rally should then procede to above 1.3936. Fall below 1.3780 would cancel this scenario. Key point 1.3880 Entry point 1.3860 Elliott 1.4050 Closing 1.3883 Projection 1.3770 Trendline 1.3938 Trendline 1.3826 Res 2 1.3990 Ex-High 1.3938 Res 1 1.3936 Pivot 1.3885 Sup 1 1.3831 Ex-Low 1.3833 Sup 2 1.3780 1.4017 1.3985 1.3880 1.3847   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.3781 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 1.4200 1.4125 1.3881 1.3806   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 1.4177 Entry point 1.4124 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 1.4417 1.4269 1.3791 1.3643   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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