RTFX TraderTip >> EUR-USD Analysis - Friday 16 July 2010

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RTFX TraderTip >> EUR-USD Analysis - 16 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 : extended impulse wave up 1.3033 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3004 or 1.3034 if support around 1.2872 hold. After which a pullback to 1.2872 - 1.2830 zone is possible. Key point 1.3068 Entry point 1.2891 Elliott 1.2523 Closing 1.2950 Projection 1.3138 Trendline 1.2783 Trendline 1.2803 Res 2 1.3117 Ex-High 1.2955 Res 1 1.3034 Pivot 1.2872 Sup 1 1.2788 Ex-Low 1.2710 Sup 2 1.2626 1.2874 1.2826 1.2671 1.2623   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 1.2999 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 1.2943 1.2839 1.2502 1.2398   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 1.2920 1.2711 1.2035 1.1826   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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