RTFX TraderTip >> EUR-USD Analysis - Thursday 16 July 2009

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RTFX TraderTip >> EUR-USD Analysis - 16 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 up 1.4184 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4172 or 1.4174 if support around 1.4069 hold. After which a pullback to 1.4069 - 1.4036 zone is possible. Key point 1.4167 Entry point 1.4044 Elliott 1.3833 Closing 1.4108 Projection 1.4184 Trendline 1.3958 Trendline 1.4015 Res 2 1.4241 Ex-High 1.4135 Res 1 1.4174 Pivot 1.4069 Sup 1 1.4002 Ex-Low 1.3963 Sup 2 1.3897 1.4105 1.4066 1.3943 1.3905   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.4201 Scenario for this week One more dip to 1.3891 - 1.3830 is likely followed by a grind higher to 1.4010 - 1.4069. After which it can resume his downtrend. Key point 1.3961 Entry point 1.3897 Elliott 1.3833 Closing 1.3948 Projection 1.4201 Trendline 1.4072 Trendline 1.3943 Res 2 1.4190 Ex-High 1.4072 Res 1 1.4069 Pivot 1.3951 Sup 1 1.3830 Ex-Low 1.3833 Sup 2 1.3712 1.4177 1.4103 1.3865 1.3791   Warning: Low Zone MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.4228 Scenario for this month There are initial signs of a good corrective recovery towards 1.4185 or even 1.4331. Supports at 1.3890 and 1.3741 zone. 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 1.3790 1.3642   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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