RTFX TraderTip >> EUR-USD Analysis - Wednesday 15 December 2010

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RTFX TraderTip >> EUR-USD Analysis - 15 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 : flat correction down 1.3292 Scenario for today A corrective rise should ideally test 1.3463 or even higher than 1.3548. Supports are at 1.3273. Stop loss below 1.3278 zone. Key point 1.3326 Entry point 1.3412 Elliott 1.3498 Closing 1.3378 Projection 1.3292 Trendline 1.3309 Trendline 1.3543 Res 2 1.3548 Ex-High 1.3498 Res 1 1.3463 Pivot 1.3413 Sup 1 1.3328 Ex-Low 1.3363 Sup 2 1.3278 1.3434 1.3390 1.3247 1.3203   WEEKLY TECHNICAL ANALYSIS EUR-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Support at 1.3196 or 1.3121 should hold. Then a correction to above 1.3529 is anticipated. A clear break of 1.3014 is again bearish. Key point 1.3290 Entry point 1.3276 Elliott 1.2969 Closing 1.3228 Projection 1.3786 Trendline 1.3165 Trendline 1.3361 Res 2 1.3529 Ex-High 1.3423 Res 1 1.3379 Pivot 1.3272 Sup 1 1.3121 Ex-Low 1.3165 Sup 2 1.3014 1.3548 1.3460 1.3174 1.3086   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 1.2714 Entry point 1.3498 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 1.4174 1.3890 1.2970 1.2686   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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