RTFX TraderTip >> EUR-USD Analysis - Friday 04 June 2010

[RTFX-Trading]

RTFX TraderTip >> EUR-USD Analysis - 4 Jun 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 1.2060 Scenario for today There is bearish potential for a fall to 1.2158 - 1.2101 while 1.2214 - 1.2245 resist. After this fall a recovery up to 1.2245 or 1.2275 is expected. Key point 1.2086 Entry point 1.2206 Elliott 1.2326 Closing 1.2163 Projection 1.2111 Trendline 1.2232 Trendline 1.2232 Res 2 1.2388 Ex-High 1.2326 Res 1 1.2275 Pivot 1.2214 Sup 1 1.2101 Ex-Low 1.2153 Sup 2 1.2040 1.2340 1.2299 1.2165 1.2124   Warning: Engulfing pattern 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 1.2212 - 1.2095. After this move down it should go up to 1.2417 - 1.2505 area. Key point 1.2195 Entry point 1.2283 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 1.2560 1.2459 1.2132 1.2031   Warning: Harami MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 1.1714. After this move down it should go up to 1.3055 area. Key point 1.1866 Entry point 1.2524 Elliott 1.5144 Closing 1.2306 Projection 1.0795 Trendline 1.3250 Trendline 1.3006 Res 2 1.3805 Ex-High 1.3349 Res 1 1.3055 Pivot 1.2600 Sup 1 1.1850 Ex-Low 1.2144 Sup 2 1.1394 1.3076 1.2852 1.2127 1.1903   Warning: Imminent end of bearish move 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.