RTFX TraderTip >> EUR-USD Analysis - Monday 17 May 2010

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RTFX TraderTip >> EUR-USD Analysis - 17 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 : irregular flat correction down 1.2299 Scenario for today Market should not go lower than 1.2295. After this move down it should go up to 1.2517 area. Key point 1.2291 Entry point 1.2387 Elliott 1.3095 Closing 1.2379 Projection 1.2163 Trendline 1.2514 Trendline 1.2500 Res 2 1.2655 Ex-High 1.2576 Res 1 1.2517 Pivot 1.2438 Sup 1 1.2300 Ex-Low 1.2358 Sup 2 1.2220 1.2695 1.2647 1.2493 1.2445   Warning: End of trend - Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Market should not go lower than 1.2369 - 1.2127. After this move down it should go up to 1.2737 - 1.2863 area. Key point 1.2323 Entry point 1.2656 Elliott 1.3692 Closing 1.2379 Projection 1.1957 Trendline 1.3104 Trendline 1.2952 Res 2 1.3347 Ex-High 1.3095 Res 1 1.2863 Pivot 1.2611 Sup 1 1.2127 Ex-Low 1.2358 Sup 2 1.1875 1.3000 1.2829 1.2277 1.2106   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 1.0795 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 1.3764 1.3521 1.2736 1.2493   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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