RTFX TraderTip >> EUR-USD Analysis - Friday 07 May 2010

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RTFX TraderTip >> EUR-USD Analysis - 7 May 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 : crucial reversal point 1.2518 Scenario for today One more dip to 1.2569 - 1.2474 is likely followed by a grind higher to 1.2738 - 1.2811. After which it can resume its downtrend. Key point 1.2543 Entry point 1.2638 Elliott 1.3349 Closing 1.2620 Projection 1.2355 Trendline 1.2785 Trendline 1.2692 Res 2 1.3002 Ex-High 1.2857 Res 1 1.2811 Pivot 1.2665 Sup 1 1.2474 Ex-Low 1.2519 Sup 2 1.2328 1.3093 1.3024 1.2799 1.2730   Warning: End of trend - Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in a flat correction 1.3385 Scenario for this week It should test 1.3467 area after which a sell off down to 1.3146 or extended to 1.2980 area is expected. Key point 1.3283 Entry point 1.3279 Elliott 1.3692 Closing 1.3313 Projection 1.2427 Trendline 1.3357 Trendline 1.3309 Res 2 1.3582 Ex-High 1.3415 Res 1 1.3447 Pivot 1.3281 Sup 1 1.3146 Ex-Low 1.3115 Sup 2 1.2980 1.3557 1.3382 1.2817 1.2642   Warning: End of trend MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It is likely to fall to 1.3054 or below 1.2796 in extension while 1.3373 - 1.3503 area offer resistance. Above 1.3632 the outlook could turn bullish. Key point 1.3006 Entry point 1.3250 Elliott 1.5144 Closing 1.3313 Projection 1.2456 Trendline 1.3477 Trendline 1.3567 Res 2 1.3951 Ex-High 1.3692 Res 1 1.3632 Pivot 1.3373 Sup 1 1.3054 Ex-Low 1.3115 Sup 2 1.2796 1.3739 1.3521 1.2817 1.2599   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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