RTFX TraderTip >> EUR-USD Analysis - Wednesday 02 December 2009

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RTFX TraderTip >> EUR-USD Analysis - 2 Dec 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 : common flat correction up 1.5144 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5134 or 1.5141 if support around 1.5057 hold. After which a pullback to 1.5057 - 1.5026 zone is possible. Key point 1.5116 Entry point 1.5068 Elliott 1.4828 Closing 1.5080 Projection 1.5144 Trendline 1.5038 Trendline 1.5044 Res 2 1.5202 Ex-High 1.5117 Res 1 1.5141 Pivot 1.5057 Sup 1 1.4996 Ex-Low 1.4972 Sup 2 1.4911 1.5140 1.5096 1.4953 1.4909   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.5171 Scenario for this week Strength can extend to 1.5056 or even 1.5132 as declines are expected to find support at 1.4980 or 1.4898. Stop Loss below 1.4816 zone. Key point 1.5100 Entry point 1.4943 Elliott 1.4801 Closing 1.4968 Projection 1.5201 Trendline 1.4828 Trendline 1.4855 Res 2 1.5296 Ex-High 1.5144 Res 1 1.5132 Pivot 1.4980 Sup 1 1.4816 Ex-Low 1.4828 Sup 2 1.4664 1.5204 1.5131 1.4896 1.4823   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 1.5197 or 1.5224 if support around 1.4925 hold. After which a pullback to 1.4925 - 1.4815 zone is possible. Key point 1.5317 Entry point 1.5059 Elliott 1.2456 Closing 1.5005 Projection 1.5323 Trendline 1.4815 Trendline 1.4897 Res 2 1.5443 Ex-High 1.5144 Res 1 1.5224 Pivot 1.4925 Sup 1 1.4706 Ex-Low 1.4626 Sup 2 1.4407 1.5234 1.5131 1.4799 1.4696   Warning: 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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