RTFX TraderTip >> EUR-USD Analysis - Wednesday 20 January 2010

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RTFX TraderTip >> EUR-USD Analysis - 20 Jan 2010 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 : irregular flat correction down 1.4189 Scenario for today Market should not go lower than 1.4270 - 1.4222. After this move down it should go up to 1.4351 - 1.4384 area. Key point 1.4271 Entry point 1.4330 Elliott 1.4579 Closing 1.4288 Projection 1.4069 Trendline 1.4351 Trendline 1.4351 Res 2 1.4480 Ex-High 1.4414 Res 1 1.4384 Pivot 1.4318 Sup 1 1.4222 Ex-Low 1.4253 Sup 2 1.4156 1.4479 1.4442 1.4324 1.4287   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.4418 Scenario for this week Resistances lie around 1.4479 and 1.4527. It should test lower towards 1.4284 zone. A clear break of 1.4176 would be bearish. Key point 1.4249 Entry point 1.4414 Elliott 1.4579 Closing 1.4379 Projection 1.4058 Trendline 1.4324 Trendline 1.4417 Res 2 1.4674 Ex-High 1.4579 Res 1 1.4527 Pivot 1.4432 Sup 1 1.4284 Ex-Low 1.4337 Sup 2 1.4190 1.4559 1.4497 1.4295 1.4233   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month There is bearish potential for a fall to 1.3996 while 1.4569 - 1.4745 resist. After this fall a recovery up to 1.4745 or 1.4920 is expected. Key point 1.4017 Entry point 1.4719 Elliott 1.5144 Closing 1.4348 Projection 1.4117 Trendline 1.5142 Trendline 1.5139 Res 2 1.5493 Ex-High 1.5142 Res 1 1.4920 Pivot 1.4569 Sup 1 1.3996 Ex-Low 1.4218 Sup 2 1.3645 1.5054 1.4861 1.4235 1.4042   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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