RTFX TraderTip >> EUR-USD Analysis - Monday 21 December 2009

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RTFX TraderTip >> EUR-USD Analysis - 21 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 1.4290 Scenario for today Current fall is near an end of wave around 1.4260 zone, a rally should then procede to above 1.4411. Fall below 1.4186 would cancel this scenario. Key point 1.4300 Entry point 1.4328 Elliott 1.4776 Closing 1.4335 Projection 1.4190 Trendline 1.4414 Trendline 1.4323 Res 2 1.4487 Ex-High 1.4412 Res 1 1.4411 Pivot 1.4336 Sup 1 1.4260 Ex-Low 1.4262 Sup 2 1.4186 1.4558 1.4515 1.4375 1.4331   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an impulse wave down 1.4508 Scenario for this week It looks set to visit further lower territory down to around 1.4298 - 1.4169. Its corrective attempts should fail ahead of 1.4298 - 1.4593. Stop loss above 1.4851 zone. Key point 1.4209 Entry point 1.4418 Elliott 1.5144 Closing 1.4335 Projection 1.4084 Trendline 1.4679 Trendline 1.4466 Res 2 1.4851 Ex-High 1.4686 Res 1 1.4593 Pivot 1.4427 Sup 1 1.4169 Ex-Low 1.4262 Sup 2 1.4004 1.4661 1.4563 1.4245 1.4147   Warning: End of trend - 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 1.5359 1.5143 1.4444 1.4228   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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