RTFX TraderTip >> EUR-GBP Analysis - Thursday 10 December 2009

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RTFX TraderTip >> EUR-GBP Analysis - 10 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-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 0.9118 Scenario for today Strength can extend to 0.9100 as declines are expected to find support at 0.9030. A fall below 0.9008 could turn it bearish. Key point 0.9062 Entry point 0.9033 Elliott 0.9004 Closing 0.9056 Projection 0.9096 Trendline 0.9051 Trendline 0.9051 Res 2 0.9144 Ex-High 0.9096 Res 1 0.9100 Pivot 0.9052 Sup 1 0.9008 Ex-Low 0.9004 Sup 2 0.8960 0.9114 0.9089 0.9009 0.8984   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 0.9120 Scenario for this week It looks more likely that it would rise to 0.9123 - 0.9220 from 0.9008 or 0.8960. After which a downside move is expected. Key point 0.9060 Entry point 0.9052 Elliott 0.8834 Closing 0.9025 Projection 0.9208 Trendline 0.9060 Trendline 0.9070 Res 2 0.9220 Ex-High 0.9154 Res 1 0.9123 Pivot 0.9057 Sup 1 0.8960 Ex-Low 0.8991 Sup 2 0.8894 0.9165 0.9125 0.8997 0.8957   MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It may attempt a test higher to 0.9140 - 0.9243 after which weakness may set it to a drift down to below 0.8922 limit. Key point 0.9022 Entry point 0.9024 Elliott 0.9412 Closing 0.9127 Projection 0.8821 Trendline 0.9154 Trendline 0.8896 Res 2 0.9358 Ex-High 0.9154 Res 1 0.9243 Pivot 0.9038 Sup 1 0.8922 Ex-Low 0.8834 Sup 2 0.8718 0.9227 0.9153 0.8913 0.8839   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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