RTFX TraderTip >> EUR-USD Analysis - Monday 07 December 2009

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RTFX TraderTip >> EUR-USD Analysis - 7 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 : irregular flat correction down 1.4708 Scenario for today Market should not go lower than 1.4833 - 1.4747. After this move down it should go up to 1.4968 - 1.5017 area. Key point 1.4798 Entry point 1.4932 Elliott 1.5142 Closing 1.4845 Projection 1.4634 Trendline 1.5092 Trendline 1.5041 Res 2 1.5189 Ex-High 1.5092 Res 1 1.5017 Pivot 1.4919 Sup 1 1.4747 Ex-Low 1.4822 Sup 2 1.4650 1.5119 1.5075 1.4929 1.4884   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 1.4720 Scenario for this week It looks more likely that it would rise to 1.5051 - 1.5256 from 1.4833 or 1.4731. After which a downside move is expected. Key point 1.4708 Entry point 1.4978 Elliott 1.5144 Closing 1.4845 Projection 1.4589 Trendline 1.5142 Trendline 1.5139 Res 2 1.5256 Ex-High 1.5142 Res 1 1.5051 Pivot 1.4936 Sup 1 1.4731 Ex-Low 1.4822 Sup 2 1.4616 1.5107 1.5033 1.4793 1.4719   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Currently uptrend should end around 1.5197 - 1.5224 area. A correction down to below 1.4706 is expected. A rise above 1.5443 will abort the expected correction. Key point 1.5085 Entry point 1.4976 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 1.5272 1.5143 1.4724 1.4595   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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