RTFX TraderTip >> EUR-USD Analysis - Friday 02 October 2009

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RTFX TraderTip >> EUR-USD Analysis - 2 Oct 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 down 1.4436 Scenario for today There is bearish potential for a fall to 1.4485 while 1.4577 - 1.4607 resist. After this fall a recovery up to 1.4607 or 1.4636 is expected. Key point 1.4537 Entry point 1.4601 Elliott 1.4674 Closing 1.4545 Projection 1.4436 Trendline 1.4668 Trendline 1.4662 Res 2 1.4728 Ex-High 1.4668 Res 1 1.4636 Pivot 1.4577 Sup 1 1.4485 Ex-Low 1.4517 Sup 2 1.4426 1.4696 1.4658 1.4538 1.4501   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.4511 Scenario for this week Preferred view is for a fall to 1.4640 - 1.4572 while 1.4757 - 1.4806 area resists. A clear break of 1.4942 would be bullish. Key point 1.4597 Entry point 1.4721 Elliott 1.4845 Closing 1.4669 Projection 1.4432 Trendline 1.4692 Trendline 1.4766 Res 2 1.4942 Ex-High 1.4845 Res 1 1.4806 Pivot 1.4708 Sup 1 1.4572 Ex-Low 1.4611 Sup 2 1.4474 1.4851 1.4783 1.4564 1.4496   Warning: End of trend 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 1.4846 or 1.4933 if support around 1.4555 hold. After which a pullback to 1.4555 - 1.4410 zone is possible. Key point 1.4857 Entry point 1.4617 Elliott 1.2456 Closing 1.4643 Projection 1.5323 Trendline 1.4387 Trendline 1.4464 Res 2 1.5223 Ex-High 1.4845 Res 1 1.4933 Pivot 1.4555 Sup 1 1.4265 Ex-Low 1.4177 Sup 2 1.3887 1.4882 1.4756 1.4347 1.4221   Warning: End of trend - Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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