RTFX TraderTip >> EUR-USD Analysis - Friday 11 September 2009

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RTFX TraderTip >> EUR-USD Analysis - 11 Sep 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 : extended impulse wave up 1.4674 Scenario for today Currently uptrend should end around 1.4618 - 1.4629 area. A correction down to below 1.4518 is expected. A rise above 1.4676 will abort the expected correction. Key point 1.4628 Entry point 1.4595 Elliott 1.4192 Closing 1.4581 Projection 1.4674 Trendline 1.4558 Trendline 1.4588 Res 2 1.4676 Ex-High 1.4613 Res 1 1.4629 Pivot 1.4565 Sup 1 1.4518 Ex-Low 1.4502 Sup 2 1.4454 1.4579 1.4544 1.4430 1.4395   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.4292 Scenario for this week It may attempt a test higher to 1.4340 - after which weakness may set it to a drift down to 1.4194 limit. Key point 1.4425 Entry point 1.4301 Elliott 1.4177 Closing 1.4303 Projection 1.4689 Trendline 1.4378 Trendline 1.4350 Res 2 1.4487 Ex-High 1.4378 Res 1 1.4395 Pivot 1.4286 Sup 1 1.4194 Ex-Low 1.4177 Sup 2 1.4085 1.4574 1.4495 1.4239 1.4160   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4413 or 1.4505 if support around 1.4275 hold. After which a pullback to 1.4275 - 1.4189 zone is possible. Key point 1.4464 Entry point 1.4387 Elliott 1.2456 Closing 1.4333 Projection 1.5323 Trendline 1.4236 Trendline 1.4363 Res 2 1.4677 Ex-High 1.4447 Res 1 1.4505 Pivot 1.4275 Sup 1 1.4103 Ex-Low 1.4045 Sup 2 1.3873 1.4659 1.4530 1.4111 1.3982   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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