RTFX TraderTip >> EUR-USD Analysis - Thursday 17 December 2009

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RTFX TraderTip >> EUR-USD Analysis - 17 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 1.4469 Scenario for today One more dip to 1.4518 - 1.4494 is likely followed by a grind higher to 1.4561 - 1.4579. After which it can resume its downtrend. Key point 1.4514 Entry point 1.4520 Elliott 1.4776 Closing 1.4531 Projection 1.4469 Trendline 1.4577 Trendline 1.4543 Res 2 1.4627 Ex-High 1.4591 Res 1 1.4579 Pivot 1.4542 Sup 1 1.4494 Ex-Low 1.4506 Sup 2 1.4458 1.4689 1.4654 1.4541 1.4506   Warning: Imminent end of bearish move - Harami WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an elongated correction 1.4720 Scenario for this week Market should not go lower than 1.4492. After this move down it should go up to 1.4827 area. Key point 1.4466 Entry point 1.4679 Elliott 1.5144 Closing 1.4628 Projection 1.4377 Trendline 1.4963 Trendline 1.4785 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 1.4872 1.4795 1.4545 1.4468   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 1.5322 1.5143 1.4565 1.4386   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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