RTFX TraderTip >> EUR-GBP Analysis - Friday 10 December 2010

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RTFX TraderTip >> EUR-GBP Analysis - 10 Dec 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-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.8348 Scenario for today It may attempt a test higher to 0.8406 - 0.8420 after which weakness may set it to a drift down to below 0.8366 limit. Key point 0.8385 Entry point 0.8390 Elliott 0.8526 Closing 0.8395 Projection 0.8335 Trendline 0.8397 Trendline 0.8388 Res 2 0.8445 Ex-High 0.8416 Res 1 0.8420 Pivot 0.8391 Sup 1 0.8366 Ex-Low 0.8361 Sup 2 0.8336 0.8466 0.8449 0.8394 0.8377   WEEKLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 0.8326 Scenario for this week It should test 0.8633 area after which a sell off down to 0.8383 or extended to 0.8263 area is expected. Key point 0.8497 Entry point 0.8480 Elliott 0.8596 Closing 0.8503 Projection 0.8360 Trendline 0.8526 Trendline 0.8456 Res 2 0.8646 Ex-High 0.8526 Res 1 0.8575 Pivot 0.8455 Sup 1 0.8383 Ex-Low 0.8335 Sup 2 0.8263 0.8572 0.8519 0.8348 0.8295   MONTHLY TECHNICAL ANALYSIS EUR-GBP         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 0.8542 Scenario for this month There is bearish potential for a fall to 0.8183 while 0.8500 - 0.8580 resist. After this fall a recovery up to 0.8580 or 0.8660 is expected. Key point 0.8318 Entry point 0.8537 Elliott 0.8942 Closing 0.8343 Projection 0.8142 Trendline 0.8818 Trendline 0.8694 Res 2 0.8977 Ex-High 0.8818 Res 1 0.8660 Pivot 0.8500 Sup 1 0.8183 Ex-Low 0.8340 Sup 2 0.8023 0.8776 0.8672 0.8337 0.8233   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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