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04.06.2012 05:28 PM
EUR/USD Weekly and Monthly Pivot Points for June 4 - 8, 2012

The weekly and monthy pivot chart for EUR/USD indicates that the pivot points are placed according to the last week's highs and .

The pivot point should be the first place to look to open a trade

The more times a currency pair touches the pivot level and then return, the stronger is the level.

Recommendations to operate these levels:

  • If the price is in the PP (Pivot Point), expects a move to R1 or S1
  • If the price is R1, waiting for a move to R2 or back towards PP
  • If the price is in S1, waiting for a move to S2 or back towards PP
  • If the price is R2, waiting for a move back to R3 or R1
  • If the price is in S2, waiting for a move back to S3 or S1.
  • No news, important to influence the market, probably the price moves to pivot S1 or R1
  • If news, important to influence the market, the price may be sent directly to R2 or S2 or S3 and R3 reach.

If you would like to get this indicator, feel free to adress me via e-mail: [email protected]

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____WEEKLY_____
Weekly - R3 = 1.2947
Weekly - R2 = 1.2786
Weekly - R1 = 1.2610
Weekly Pivot = 1.2449
Weekly - S1 = 1.2273
Weekly - S2 = 1.2112
Weekly - S3 = 1.1936

 Signal:

Buy Long Above 1.2449 Take Profit 1.2610

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 ____MONTHLY______
Monthly - R3 = 1.3933
Monthly - R2 = 1.3608
Monthly - R1 = 1.2986
Monthly Pivot = 1.2661
Monthly - S1 = 1.2039
Monthly - S2 = 1.1714
Monthly - S3 = 1.1092

 

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