RTFX TraderTip >> EUR-USD Analysis - Monday 10 May 2010

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RTFX TraderTip >> EUR-USD Analysis - 10 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 : extended impulse wave down 1.2624 Scenario for today Corrective dips should ideally halt near 1.2659 or 1.2613 for one more thrust upwards towards 1.2765 - 1.2824 area or 1.2917 in extention. Fall below 1.2494 puts it back on a downward path. Key point 1.2749 Entry point 1.2680 Elliott 1.3349 Closing 1.2732 Projection 1.2624 Trendline 1.2697 Trendline 1.2740 Res 2 1.2917 Ex-High 1.2798 Res 1 1.2824 Pivot 1.2705 Sup 1 1.2613 Ex-Low 1.2586 Sup 2 1.2494 1.2996 1.2930 1.2714 1.2648   Warning: Harami WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week One more dip to 1.2625 - 1.2384 is likely followed by a grind higher to 1.3040 - 1.3214. After which it can resume its downtrend. Key point 1.2529 Entry point 1.3007 Elliott 1.3692 Closing 1.2732 Projection 1.2427 Trendline 1.3279 Trendline 1.3283 Res 2 1.3697 Ex-High 1.3349 Res 1 1.3214 Pivot 1.2867 Sup 1 1.2384 Ex-Low 1.2519 Sup 2 1.2036 1.3336 1.3144 1.2522 1.2330   Warning: End of trend - Imminent end of bearish move 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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