RTFX TraderTip >> EUR-USD Analysis - Thursday 08 July 2010

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RTFX TraderTip >> EUR-USD Analysis - 8 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 : impulse wave up 1.2723 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2655 or 1.2683 if support around 1.2619 hold. After which a pullback to 1.2619 - 1.2596 zone is possible. Key point 1.2675 Entry point 1.2633 Elliott 1.2480 Closing 1.2638 Projection 1.2692 Trendline 1.2554 Trendline 1.2628 Res 2 1.2729 Ex-High 1.2664 Res 1 1.2683 Pivot 1.2619 Sup 1 1.2573 Ex-Low 1.2554 Sup 2 1.2509 1.2666 1.2633 1.2527 1.2495   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week It should try higher up to 1.2581 - 1.2724. Entry point 1.2438 or 1.2351. After this rise, a correction is expected. Key point 1.2809 Entry point 1.2426 Elliott 1.1876 Closing 1.2550 Projection 1.2999 Trendline 1.2360 Trendline 1.2360 Res 2 1.2897 Ex-High 1.2611 Res 1 1.2724 Pivot 1.2438 Sup 1 1.2264 Ex-Low 1.2152 Sup 2 1.1978 1.2737 1.2638 1.2316 1.2217   Warning: Engulfing pattern 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 1.2729 1.2565 1.2035 1.1871   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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