RTFX TraderTip >> EUR-USD Analysis - Monday 12 October 2009

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RTFX TraderTip >> EUR-USD Analysis - 12 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 : flat correction down 1.4609 Scenario for today There is bearish potential for a fall to 1.4656 while 1.4726 - 1.4753 resist. After this fall a recovery up to 1.4753 or 1.4780 is expected. Key point 1.4683 Entry point 1.4744 Elliott 1.4817 Closing 1.4709 Projection 1.4609 Trendline 1.4797 Trendline 1.4777 Res 2 1.4850 Ex-High 1.4797 Res 1 1.4780 Pivot 1.4726 Sup 1 1.4656 Ex-Low 1.4673 Sup 2 1.4602 1.4803 1.4771 1.4666 1.4633   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.4818 Scenario for this week While below 1.4824 it is more likely to fall further towards 1.4702 or 1.4645 level. Key point 1.4735 Entry point 1.4683 Elliott 1.4480 Closing 1.4709 Projection 1.4845 Trendline 1.4581 Trendline 1.4682 Res 2 1.4938 Ex-High 1.4817 Res 1 1.4824 Pivot 1.4702 Sup 1 1.4588 Ex-Low 1.4581 Sup 2 1.4466 1.4847 1.4792 1.4615 1.4560   Warning: Low Zone MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : impulse wave up 1.4833 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 1.4783 Entry point 1.4596 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 1.4986 1.4831 1.4328 1.4173   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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