RTFX TraderTip >> EUR-USD Analysis - Wednesday 26 May 2010

[RTFX-Trading]

RTFX TraderTip >> EUR-USD Analysis - 26 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 : correction zigzag 1.2425 Scenario for today It should try higher up to 1.2359 - 1.2419. Entry point 1.2298 or 1.2261. After this rise, a correction is expected. Key point 1.2415 Entry point 1.2296 Elliott 1.2177 Closing 1.2345 Projection 1.2483 Trendline 1.2366 Trendline 1.2181 Res 2 1.2493 Ex-High 1.2372 Res 1 1.2419 Pivot 1.2298 Sup 1 1.2224 Ex-Low 1.2177 Sup 2 1.2103 1.2584 1.2520 1.2314 1.2250   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week It may attempt a test higher to 1.2621 - 1.2780 after which weakness may set it to a drift down to 1.2251 limit. Key point 1.2376 Entry point 1.2439 Elliott 1.3692 Closing 1.2570 Projection 1.1957 Trendline 1.2722 Trendline 1.2469 Res 2 1.2991 Ex-High 1.2672 Res 1 1.2780 Pivot 1.2462 Sup 1 1.2251 Ex-Low 1.2144 Sup 2 1.1933 1.2759 1.2618 1.2161 1.2020   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 1.0795 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

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.