RTFX TraderTip >> EUR-USD Analysis - Thursday 13 May 2010

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RTFX TraderTip >> EUR-USD Analysis - 13 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 : flat correction down 1.2519 Scenario for today It might hold above 1.2610 or around 1.2606 for a rise towards above 1.2700. Stop loss below 1.2567 zone. Key point 1.2498 Entry point 1.2560 Elliott 1.3095 Closing 1.2614 Projection 1.2519 Trendline 1.2610 Trendline 1.2562 Res 2 1.2787 Ex-High 1.2739 Res 1 1.2700 Pivot 1.2653 Sup 1 1.2567 Ex-Low 1.2606 Sup 2 1.2519 1.2872 1.2816 1.2638 1.2583   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat resistance in downtrend 1.3126 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 1.2840 Entry point 1.3104 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 1.3426 1.3222 1.2562 1.2358   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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