RTFX TraderTip >> EUR-USD Analysis - Tuesday 16 March 2010

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RTFX TraderTip >> EUR-USD Analysis - 16 Mar 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 : flat correction down 1.3575 Scenario for today There is bearish potential for a fall to 1.3618 while 1.3697 - 1.3726 resist. After this fall a recovery up to 1.3726 or 1.3754 is expected. Key point 1.3643 Entry point 1.3716 Elliott 1.3796 Closing 1.3676 Projection 1.3636 Trendline 1.3776 Trendline 1.3756 Res 2 1.3833 Ex-High 1.3776 Res 1 1.3754 Pivot 1.3697 Sup 1 1.3618 Ex-Low 1.3640 Sup 2 1.3561 1.3763 1.3730 1.3623 1.3590   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week It should trade higher to 1.3860 while 1.3699 or 1.3650 offers support. Stop loss below 1.3601 zone. Key point 1.3743 Entry point 1.3666 Elliott 1.3435 Closing 1.3762 Projection 1.3872 Trendline 1.3537 Trendline 1.3640 Res 2 1.3957 Ex-High 1.3796 Res 1 1.3860 Pivot 1.3699 Sup 1 1.3601 Ex-Low 1.3537 Sup 2 1.3440 1.3847 1.3786 1.3589 1.3528   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.3800 Scenario for this month Structure is bearish to 1.3530 or 1.3364 limit but slowing momentum suggests a correction first to 1.3821 or 1.4278 zone. Key point 1.3348 Entry point 1.3603 Elliott 1.5144 Closing 1.3616 Projection 1.2456 Trendline 1.4023 Trendline 1.3469 Res 2 1.4278 Ex-High 1.4026 Res 1 1.3947 Pivot 1.3695 Sup 1 1.3364 Ex-Low 1.3443 Sup 2 1.3112 1.4057 1.3911 1.3439 1.3293   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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