RTFX TraderTip >> EUR-USD Analysis - Friday 02 July 2010

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RTFX TraderTip >> EUR-USD Analysis - 2 Jul 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 : support in a triangle up 1.2398 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2627 or 1.2647 if support around 1.2420 hold. After which a pullback to 1.2420 - 1.2360 zone is possible. Key point 1.2687 Entry point 1.2372 Elliott 1.2152 Closing 1.2527 Projection 1.2701 Trendline 1.2194 Trendline 1.2220 Res 2 1.2767 Ex-High 1.2541 Res 1 1.2647 Pivot 1.2420 Sup 1 1.2300 Ex-Low 1.2193 Sup 2 1.2073 1.2487 1.2429 1.2244 1.2186   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.2541 Scenario for this week While below 1.2425 - 1.2497 it is more likely to fall further towards 1.2240 or 1.2096. Key point 1.2342 Entry point 1.2342 Elliott 1.2152 Closing 1.2384 Projection 1.2781 Trendline 1.2306 Trendline 1.2376 Res 2 1.2610 Ex-High 1.2467 Res 1 1.2497 Pivot 1.2353 Sup 1 1.2240 Ex-Low 1.2210 Sup 2 1.2096 1.2604 1.2504 1.2181 1.2081   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It should try higher up to 1.2352 - 1.2510. Entry point 1.2193 or 1.2056. After this rise, a correction is expected. Key point 1.2510 Entry point 1.2193 Elliott 1.1876 Closing 1.2236 Projection 1.3125 Trendline 1.2589 Trendline 1.1584 Res 2 1.2783 Ex-High 1.2467 Res 1 1.2510 Pivot 1.2193 Sup 1 1.1920 Ex-Low 1.1876 Sup 2 1.1603 1.2649 1.2504 1.2035 1.1890   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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