RTFX TraderTip >> EUR-USD Analysis - Friday 21 May 2010

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RTFX TraderTip >> EUR-USD Analysis - 21 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 : elongated flat correction up 1.2594 Scenario for today Strength can extend to 1.2543 or even higher than 1.2625 as declines are expected to find support at 1.2392 or 1.2324. A fall below 1.2159 could turn it bearish. Key point 1.2547 Entry point 1.2460 Elliott 1.2144 Closing 1.2488 Projection 1.2630 Trendline 1.2297 Trendline 1.2449 Res 2 1.2762 Ex-High 1.2598 Res 1 1.2625 Pivot 1.2461 Sup 1 1.2324 Ex-Low 1.2297 Sup 2 1.2159 1.2563 1.2489 1.2250 1.2176   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an extended wave down 1.2643 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 1.2367 Entry point 1.2677 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 1.3030 1.2846 1.2251 1.2067   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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