RTFX TraderTip >> EUR-USD Analysis - Friday 24 July 2009

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RTFX TraderTip >> EUR-USD Analysis - 24 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 : correction zigzag 1.4062 Scenario for today There is bearish potential for a fall to 1.4131 - 1.4078 while 1.4185 - 1.4217 resist. After this fall a recovery up to 1.4217 or 1.4249 is expected. Key point 1.4081 Entry point 1.4186 Elliott 1.4291 Closing 1.4143 Projection 1.4008 Trendline 1.4206 Trendline 1.4206 Res 2 1.4356 Ex-High 1.4291 Res 1 1.4249 Pivot 1.4185 Sup 1 1.4078 Ex-Low 1.4120 Sup 2 1.4014 1.4290 1.4252 1.4128 1.4090   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1.4342 Scenario for this week Current rise seems to be over near 1.4133 or 1.4212 for a retracement towards 1.4054 - 1.3998 area. Key point 1.4303 Entry point 1.4081 Elliott 1.3833 Closing 1.4100 Projection 1.4428 Trendline 1.3897 Trendline 1.3961 Res 2 1.4323 Ex-High 1.4166 Res 1 1.4212 Pivot 1.4054 Sup 1 1.3943 Ex-Low 1.3897 Sup 2 1.3785 1.4299 1.4228 1.3998 1.3927   Warning: Low Zone MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 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 1.4476 1.4314 1.3791 1.3629   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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