RTFX TraderTip >> EUR-USD Analysis - Tuesday 03 August 2010

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RTFX TraderTip >> EUR-USD Analysis - 3 Aug 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 1.3280 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3236 or 1.3232 if support around 1.3143 hold. After which a pullback to 1.3143 - 1.3117 zone is possible. Key point 1.3236 Entry point 1.3140 Elliott 1.2732 Closing 1.3180 Projection 1.3393 Trendline 1.3053 Trendline 1.3128 Res 2 1.3284 Ex-High 1.3195 Res 1 1.3232 Pivot 1.3143 Sup 1 1.3091 Ex-Low 1.3054 Sup 2 1.3002 1.3163 1.3131 1.3025 1.2992   Warning: End of trend - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1.3238 Scenario for this week Currently uptrend should end around 1.3099 - 1.3132 area. A correction down to below 1.2903 is expected. A rise above 1.3234 will abort the expected correction. Key point 1.3235 Entry point 1.3102 Elliott 1.1876 Closing 1.3030 Projection 1.3692 Trendline 1.2937 Trendline 1.3059 Res 2 1.3234 Ex-High 1.3106 Res 1 1.3132 Pivot 1.3005 Sup 1 1.2903 Ex-Low 1.2877 Sup 2 1.2775 1.3208 1.3151 1.2966 1.2909   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Current rise seems to be over near 1.3068 or 1.3360 for a retracement towards 1.2777 - 1.2612 area. Key point 1.3915 Entry point 1.2997 Elliott 1.1876 Closing 1.3030 Projection 1.3896 Trendline 1.2193 Trendline 1.2510 Res 2 1.3690 Ex-High 1.3106 Res 1 1.3360 Pivot 1.2777 Sup 1 1.2447 Ex-Low 1.2193 Sup 2 1.1864 1.3314 1.3151 1.2624 1.2461   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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