RTFX TraderTip >> EUR-USD Analysis - Friday 30 July 2010

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RTFX TraderTip >> EUR-USD Analysis - 30 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 1.3175 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3117 or 1.3131 if support around 1.3055 hold. After which a pullback to 1.3055 - 1.3029 zone is possible. Key point 1.3116 Entry point 1.3053 Elliott 1.2732 Closing 1.3079 Projection 1.3210 Trendline 1.3012 Trendline 1.3026 Res 2 1.3183 Ex-High 1.3106 Res 1 1.3131 Pivot 1.3055 Sup 1 1.3003 Ex-Low 1.2978 Sup 2 1.2927 1.3093 1.3062 1.2964 1.2934   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 While below 1.2971 - 1.3051 it is more likely to fall further towards 1.2756 or 1.2596. Key point 1.3059 Entry point 1.2937 Elliott 1.1876 Closing 1.2915 Projection 1.3692 Trendline 1.2753 Trendline 1.2941 Res 2 1.3187 Ex-High 1.3028 Res 1 1.3051 Pivot 1.2892 Sup 1 1.2756 Ex-Low 1.2732 Sup 2 1.2596 1.3148 1.3067 1.2805 1.2724   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1.3125 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 1.3019 1.2787 1.2035 1.1803   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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