The pivots points chart for the EUR / USD pair for this week are placed in accordance with highs and lows and the weekly price close of the pair. This chart will enable you to place Take Profits or Stop Losses. These pivot levels can be considered as a trading map allowing you to know beforehand the possible increases and declines of the pair.

Therefore it is recommended to open short positions at the R1 level and long positions at S1 level. If the weekly pivot is considered as a target, it may be a feasible strategy for swing trading. The strategy can be used otherwise. In particular, it is possible to open long positions in S2 positions and short R2 weekly with S1 or R1 as seen weekly targets or to the pivot point.

____WEEKLY_____
Weekly - R3 = 1.3420
Weekly - R2 = 1.3352
Weekly - R1 = 1.3217
Weekly Pivot = 1.3149
Weekly - S1 = 1.3014
Weekly - S2 = 1.2946
Weekly - S3 = 1.2811

____MONTHLY______
Monthly - R3 = 1.3801
Monthly - R2 = 1.3590
Monthly - R1 = 1.3415
Monthly Pivot = 1.3204
Monthly - S1 = 1.3029
Monthly - S2 = 1.2818
Monthly - S3 = 1.2643