RTFX TraderTip >> EUR-USD Analysis - Monday 31 May 2010

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RTFX TraderTip >> EUR-USD Analysis - 31 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 1.2176 Scenario for today There are initial signs of a good corrective recovery towards 1.2362 or even 1.2392. Supports at 1.2270 and 1.2209 zone. Key point 1.2180 Entry point 1.2316 Elliott 1.2453 Closing 1.2270 Projection 1.2154 Trendline 1.2269 Trendline 1.2385 Res 2 1.2514 Ex-High 1.2453 Res 1 1.2392 Pivot 1.2331 Sup 1 1.2209 Ex-Low 1.2269 Sup 2 1.2147 1.2443 1.2385 1.2198 1.2141   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.2427 Scenario for this week Market should not go lower than 1.2212 - 1.2095. After this move down it should go up to 1.2417 - 1.2505 area. Key point 1.2184 Entry point 1.2293 Elliott 1.3692 Closing 1.2270 Projection 1.1957 Trendline 1.2439 Trendline 1.2455 Res 2 1.2739 Ex-High 1.2564 Res 1 1.2505 Pivot 1.2329 Sup 1 1.2095 Ex-Low 1.2154 Sup 2 1.1919 1.2563 1.2468 1.2161 1.2066   Warning: Harami 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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