RTFX TraderTip >> EUR-USD Analysis - Friday 17 July 2009

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RTFX TraderTip >> EUR-USD Analysis - 17 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 : impulse wave up 1.4235 Scenario for today Currently uptrend should end around 1.4221 - 1.4191 area. A correction down to below 1.4080 is expected. A rise above 1.4234 will abort the expected correction. Key point 1.4199 Entry point 1.4124 Elliott 1.3833 Closing 1.4148 Projection 1.4184 Trendline 1.4038 Trendline 1.4147 Res 2 1.4234 Ex-High 1.4166 Res 1 1.4191 Pivot 1.4123 Sup 1 1.4080 Ex-Low 1.4055 Sup 2 1.4012 1.4132 1.4099 1.3989 1.3955   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 1.4197 1.4119 1.3865 1.3787   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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