RTFX TraderTip >> EUR-USD Analysis - Thursday 21 October 2010

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RTFX TraderTip >> EUR-USD Analysis - 21 Oct 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 : irregular flat correction up 1.4076 Scenario for today It should trade higher to 1.4071 while 1.3831 or 1.3778 offers support. Stop loss below 1.3591 zone. Key point 1.4083 Entry point 1.3891 Elliott 1.3698 Closing 1.3964 Projection 1.4193 Trendline 1.3944 Trendline 1.3978 Res 2 1.4177 Ex-High 1.3991 Res 1 1.4071 Pivot 1.3884 Sup 1 1.3778 Ex-Low 1.3698 Sup 2 1.3591 1.4107 1.4038 1.3814 1.3745   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week While below 1.4164 it is more likely to fall further towards 1.3970 or 1.3875 level. Key point 1.3849 Entry point 1.4004 Elliott 1.4159 Closing 1.3974 Projection 1.3559 Trendline 1.3866 Trendline 1.4043 Res 2 1.4353 Ex-High 1.4159 Res 1 1.4164 Pivot 1.3970 Sup 1 1.3780 Ex-Low 1.3776 Sup 2 1.3586 1.4189 1.4082 1.3737 1.3630   Warning: End of trend MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3733 or 1.3997 if support around 1.3321 hold. After which a pullback to 1.3321 - 1.3139 zone is possible. Key point 1.4594 Entry point 1.3445 Elliott 1.1876 Closing 1.3635 Projection 1.5144 Trendline 1.2863 Trendline 1.2900 Res 2 1.4360 Ex-High 1.3684 Res 1 1.3997 Pivot 1.3321 Sup 1 1.2958 Ex-Low 1.2644 Sup 2 1.2281 1.4165 1.3921 1.3132 1.2888   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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