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

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RTFX TraderTip >> EUR-USD 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-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.4634 Scenario for today It may attempt a test higher to 1.4754 - 1.4782 after which weakness may set it to a drift down to 1.4669 limit. Key point 1.4727 Entry point 1.4693 Elliott 1.5142 Closing 1.4726 Projection 1.4634 Trendline 1.4745 Trendline 1.4720 Res 2 1.4839 Ex-High 1.4782 Res 1 1.4782 Pivot 1.4726 Sup 1 1.4669 Ex-Low 1.4669 Sup 2 1.4613 1.4928 1.4880 1.4725 1.4677   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.4629 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 1.4668 Entry point 1.4963 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 1.5109 1.5023 1.4745 1.4659   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 1.4915 Entry point 1.4891 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 1.5296 1.5143 1.4647 1.4494   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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