RTFX TraderTip >> EUR-USD Analysis - Wednesday 29 July 2009

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RTFX TraderTip >> EUR-USD Analysis - 29 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 : irregular flat correction down 1.4077 Scenario for today There is bearish potential for a fall to 1.4097 while 1.4200 - 1.4236 resist. After this fall a recovery up to 1.4236 or 1.4271 is expected. Key point 1.4117 Entry point 1.4211 Elliott 1.4304 Closing 1.4167 Projection 1.4120 Trendline 1.4226 Trendline 1.4226 Res 2 1.4374 Ex-High 1.4304 Res 1 1.4271 Pivot 1.4200 Sup 1 1.4097 Ex-Low 1.4130 Sup 2 1.4026 1.4313 1.4271 1.4136 1.4094   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 One move lower to 1.4113 or 1.4011 is anticipated while below 1.4253 - 1.4304 area. Stop loss above 1.4393 zone. Key point 1.4246 Entry point 1.4209 Elliott 1.3833 Closing 1.4215 Projection 1.4428 Trendline 1.4081 Trendline 1.4303 Res 2 1.4393 Ex-High 1.4291 Res 1 1.4304 Pivot 1.4202 Sup 1 1.4113 Ex-Low 1.4100 Sup 2 1.4011 1.4353 1.4297 1.4115 1.4059   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 1.4485 1.4321 1.3791 1.3627   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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