EUR/USD Weekly and Monthly Pivot Points for March 26 - 30, 2012 2012-03-26
The pivot points of the EUR / USD pair for this week are traced according to the following table shown below. The weekly chart offers availible points or areas of support or resitance levels. This chart will enable to place Take profits or Stop losses. These pivot levels are some sort of a trading map allowing you to know beforehand the possible increases and declines of the pair.
Therefore it is recommended to open the short positions at the level R1 and long positions at the level S1. If the weekly pivot is considered as a target, it may be a viable strategy for swing trading. The strategy can be used otherwise: it is possible to open long positions in S2 positions, and short R2 weekly with S1 or R1 seen as weekly targets or to the pivot point.