RTFX TraderTip >> EUR-USD Analysis - Monday 19 July 2010

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RTFX TraderTip >> EUR-USD Analysis - 19 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 1.2968 Scenario for today A corrective rise should ideally test 1.2992 or even higher than 1.3058. Supports are at 1.2883. Stop loss below 1.2824 zone. Key point 1.2991 Entry point 1.2986 Elliott 1.2523 Closing 1.2926 Projection 1.2968 Trendline 1.2892 Trendline 1.3070 Res 2 1.3058 Ex-High 1.3007 Res 1 1.2992 Pivot 1.2941 Sup 1 1.2875 Ex-Low 1.2890 Sup 2 1.2824 1.2932 1.2887 1.2741 1.2695   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 1.2784 Scenario for this week Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3046 or 1.3115 if support around 1.2819 hold. After which a pullback to 1.2819 - 1.2725 zone is possible. Key point 1.3088 Entry point 1.2796 Elliott 1.1876 Closing 1.2926 Projection 1.3692 Trendline 1.2627 Trendline 1.2709 Res 2 1.3303 Ex-High 1.3007 Res 1 1.3115 Pivot 1.2819 Sup 1 1.2631 Ex-Low 1.2523 Sup 2 1.2335 1.3139 1.3027 1.2664 1.2552   Warning: Imminent end of bullish move 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 1.2954 1.2737 1.2035 1.1818   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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