RTFX TraderTip >> EUR-USD Analysis - Wednesday 14 July 2010

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RTFX TraderTip >> EUR-USD Analysis - 14 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 : elongated flat correction up 1.2822 Scenario for today It should trade higher to 1.2800 while 1.2661 or 1.2623 offers support. Stop loss below 1.2584 zone. Key point 1.2814 Entry point 1.2669 Elliott 1.2523 Closing 1.2723 Projection 1.2845 Trendline 1.2615 Trendline 1.2615 Res 2 1.2877 Ex-High 1.2738 Res 1 1.2800 Pivot 1.2661 Sup 1 1.2584 Ex-Low 1.2523 Sup 2 1.2446 1.2758 1.2719 1.2595 1.2556   Warning: Low Zone - Engulfing pattern WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.2784 Scenario for this week Strength can extend to 1.2748 or even higher than 1.2990 as declines are expected to find support at 1.2560. A fall below 1.2506 could turn it bearish. Key point 1.2709 Entry point 1.2627 Elliott 1.1876 Closing 1.2640 Projection 1.2999 Trendline 1.2426 Trendline 1.2809 Res 2 1.2856 Ex-High 1.2722 Res 1 1.2748 Pivot 1.2614 Sup 1 1.2506 Ex-Low 1.2480 Sup 2 1.2372 1.2800 1.2730 1.2502 1.2432   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 1.2779 1.2603 1.2035 1.1859   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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