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

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RTFX TraderTip >> EUR-USD 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-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1.3323 Scenario for today One more dip to 1.3202 or 1.3161 is likely followed by a grind higher to 1.3281 - 1.3319. After which it can resume its downtrend. Key point 1.3233 Entry point 1.3199 Elliott 1.3165 Closing 1.3238 Projection 1.3323 Trendline 1.3237 Trendline 1.3237 Res 2 1.3400 Ex-High 1.3323 Res 1 1.3319 Pivot 1.3242 Sup 1 1.3161 Ex-Low 1.3165 Sup 2 1.3084 1.3381 1.3341 1.3210 1.3169   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 1.3474 Scenario for this week It should test 1.3826 area after which a sell off down to 1.3114 or extended to 1.2817 area is expected. Key point 1.3361 Entry point 1.3165 Elliott 1.2969 Closing 1.3411 Projection 1.3474 Trendline 1.3432 Trendline 1.3048 Res 2 1.3714 Ex-High 1.3417 Res 1 1.3562 Pivot 1.3266 Sup 1 1.3114 Ex-Low 1.2969 Sup 2 1.2817 1.3529 1.3420 1.3067 1.2958   MONTHLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1.2969 Scenario for this month There is bearish potential for a fall to 1.2541 while 1.3411 - 1.3633 resist. After this fall a recovery up to 1.3633 or 1.3854 is expected. Key point 1.2563 Entry point 1.3423 Elliott 1.4282 Closing 1.2983 Projection 1.2969 Trendline 1.3757 Trendline 1.3757 Res 2 1.4725 Ex-High 1.4282 Res 1 1.3854 Pivot 1.3411 Sup 1 1.2541 Ex-Low 1.2969 Sup 2 1.2098 1.4125 1.3852 1.2970 1.2697   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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