RTFX TraderTip >> EUR-USD Analysis - Friday 09 July 2010

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RTFX TraderTip >> EUR-USD Analysis - 9 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 1.2773 Scenario for today Currently uptrend should end around 1.2722 - 1.2733 area. A correction down to below 1.2641 is expected. A rise above 1.2768 will abort the expected correction. Key point 1.2739 Entry point 1.2703 Elliott 1.2480 Closing 1.2697 Projection 1.2773 Trendline 1.2641 Trendline 1.2691 Res 2 1.2768 Ex-High 1.2712 Res 1 1.2733 Pivot 1.2677 Sup 1 1.2641 Ex-Low 1.2621 Sup 2 1.2585 1.2694 1.2664 1.2568 1.2538   Warning: End of trend - Imminent end of bullish move 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 1.2769 1.2662 1.2316 1.2209   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 1.1854 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 1.2760 1.2589 1.2035 1.1864   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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