RTFX TraderTip >> EUR-USD Analysis - Wednesday 11 November 2009

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RTFX TraderTip >> EUR-USD Analysis - 11 Nov 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 : impulse wave up 1.5058 Scenario for today Strength can extend to 1.5029 or even higher than 1.5111 as declines are expected to find support at 1.4966. A fall below 1.4947 could turn it bearish. Key point 1.5032 Entry point 1.5010 Elliott 1.4626 Closing 1.4993 Projection 1.5147 Trendline 1.4949 Trendline 1.5023 Res 2 1.5066 Ex-High 1.5020 Res 1 1.5029 Pivot 1.4984 Sup 1 1.4947 Ex-Low 1.4938 Sup 2 1.4902 1.5008 1.4977 1.4878 1.4847   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.5063 Scenario for this week It may attempt a test higher to 1.4882 - 1.4967 after which weakness may set it to a drift down to below 1.4676 limit. Key point 1.5080 Entry point 1.4853 Elliott 1.4626 Closing 1.4846 Projection 1.5063 Trendline 1.4917 Trendline 1.4771 Res 2 1.5087 Ex-High 1.4917 Res 1 1.4967 Pivot 1.4796 Sup 1 1.4676 Ex-Low 1.4626 Sup 2 1.4505 1.5039 1.4968 1.4739 1.4668   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 1.5028 or even 1.5337. Supports at 1.4599 and 1.4445 zone. Key point 1.4897 Entry point 1.4815 Elliott 1.2456 Closing 1.4719 Projection 1.5323 Trendline 1.4596 Trendline 1.4783 Res 2 1.5337 Ex-High 1.5063 Res 1 1.5028 Pivot 1.4754 Sup 1 1.4445 Ex-Low 1.4480 Sup 2 1.4171 1.5193 1.5042 1.4553 1.4402   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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