RTFX TraderTip >> EUR-USD Analysis - Thursday 20 May 2010

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RTFX TraderTip >> EUR-USD Analysis - 20 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 up 1.2515 Scenario for today It should be subject to more sell off towards 1.2279 or 1.2231. Corrective upward swings should face resistance around 1.2677 area. A break of 1.2608 is bullish. Key point 1.2546 Entry point 1.2345 Elliott 1.2144 Closing 1.2415 Projection 1.2630 Trendline 1.2340 Trendline 1.2404 Res 2 1.2608 Ex-High 1.2424 Res 1 1.2511 Pivot 1.2328 Sup 1 1.2231 Ex-Low 1.2144 Sup 2 1.2047 1.2537 1.2469 1.2249 1.2181   Warning: End of trend 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 1.2175 Entry point 1.2585 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 1.2929 1.2769 1.2251 1.2091   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 1.3797 1.3521 1.2629 1.2353   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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