RTFX TraderTip >> EUR-USD Analysis - Monday 14 December 2009

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RTFX TraderTip >> EUR-USD Analysis - 14 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 : extended impulse wave down 1.4536 Scenario for today Market should not go lower than 1.4607 - 1.4551. After this move down it should go up to 1.4702 - 1.4741 area. Key point 1.4575 Entry point 1.4676 Elliott 1.4776 Closing 1.4628 Projection 1.4536 Trendline 1.4702 Trendline 1.4702 Res 2 1.4854 Ex-High 1.4776 Res 1 1.4741 Pivot 1.4664 Sup 1 1.4551 Ex-Low 1.4586 Sup 2 1.4474 1.4813 1.4772 1.4640 1.4599   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 1.4508 Scenario for this week Support at 1.4607 or 1.4508 should hold the downside for a correction to above 1.4827 zone. Key point 1.4491 Entry point 1.4694 Elliott 1.5144 Closing 1.4628 Projection 1.4377 Trendline 1.4963 Trendline 1.4668 Res 2 1.5025 Ex-High 1.4905 Res 1 1.4827 Pivot 1.4707 Sup 1 1.4508 Ex-Low 1.4586 Sup 2 1.4388 1.4881 1.4807 1.4568 1.4494   Warning: Imminent end of bearish move MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in a triangle 1.5144 Scenario for this month Current upmove should end around 1.5197 - 1.5224 area. A correction down to 1.4706 or even 1.4407 is expected. A rise above 1.5443 will abort the expected correction. Key point 1.5139 Entry point 1.5142 Elliott 1.5144 Closing 1.5005 Projection 1.4117 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 1.5309 1.5143 1.4606 1.4440   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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