RTFX TraderTip >> EUR-USD Analysis - Tuesday 20 July 2010

[RTFX-Trading]

RTFX TraderTip >> EUR-USD Analysis - 20 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 : resistance in a triangle 1.3007 Scenario for today It should be subject to more sell off towards 1.2878 or 1.2814. Corrective upward swings should face resistance around 1.2963 area. A break of 1.3056 is bullish. Key point 1.2955 Entry point 1.2969 Elliott 1.3007 Closing 1.2942 Projection 1.2822 Trendline 1.2992 Trendline 1.2977 Res 2 1.3056 Ex-High 1.2992 Res 1 1.2999 Pivot 1.2935 Sup 1 1.2878 Ex-Low 1.2871 Sup 2 1.2814 1.2980 1.2941 1.2813 1.2773   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 1.2999 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 1.3219 Entry point 1.2834 Elliott 1.1876 Closing 1.2926 Projection 1.2999 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 1.3092 1.2999 1.2697 1.2604   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

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.