EURUSD: Long term trend line at 1.4120-50 and 1.3690-1.3720. Minor support at 1.3820-50.

[RTFX-Trading]

EURUSD: Long term trend line at 1.4120-50 and 1.3690-1.3720. Minor support at 1.3820-50.

The week is loaded with economic news and announcements of quarterly results from the United States, we expect an increase in volatility this week, despite the summer period.

In the long term, the trend line at 1.4120-50 is the resistance that investors are watching. According to some analysts, a clear break of this area could quickly lead the Euro against the Dollar (EURUSD) to test 1.4720, the highest reached in December 2008.

The main support is at 1.3690-1.3720, with a minor support prior at 1.3820-50. A clear break of 1.3690-1.3720 could cause EURUSD to test the lowest in April 2009 at 1.2880.



Nicolas Longchamp
RTFX Ltd
Head Office

Level 2, Suite 2, The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel:  +356 23 31 00 00
Fax: +356 21 41 24 58
Web: www.rtfx.com

This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accordance with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except with formal approval. The internet cannot guarantee the integrity of this message. RTFX Ltd (and its subsidiaries) shall (will) not therefore be liable for the message if modified. Do not print this message unless it is necessary, consider the environment. RTFX Ltd holds a Category 3 license issued by the Malta Financial Services Authority.