You are here: Home > articles > Forex > EUR/USD: Weekly and monthly pivot point and signal – for August 12 – 17, 2013
EUR/USD: Weekly and monthly pivot point and signal – for August 12 – 17, 2013
August 12, 2013 4:45 pmVideo
Latest News
- EUR/USD. May 10th. Traders continue to torment the dollar May 10, 2024
- GBP/USD. May 10th. The British economy was pleasantly surprised May 10, 2024
- USD/JPY: Simple trading tips for novice traders on May 10th (US session) May 10, 2024
- GBP/USD: Simple trading tips for novice traders on May 10th (US session) May 10, 2024
- EUR/USD: Simple trading tips for novice traders for May 10th (US session) May 10, 2024
- GBP/USD: trading plan for the US session on May 10th (analysis of morning deals). The pound hit 1.2535 May 10, 2024
- EUR/USD: trading plan for the US session on May 10th (analysis of morning deals). The euro shows no signs of life May 10, 2024
- Trading Signals for BITCOIN (BTC/USD) for May 10-15, 2024: buy above $62,500 (21 SMA – 4/8 Murray) May 10, 2024
- Video market update for May 10, 2024 May 10, 2024
- Technical Analysis – GBPJPY continues to ascend May 10, 2024
- Technical Analysis – EURUSD retests 200-day SMA near downtrend line May 10, 2024
- Bitcoin finds support from a weaker dollar – Crypto News May 10, 2024
- Weekly Forex Outlook: 10/05/2024 – US inflation numbers to shake Fed rate cut bets May 10, 2024
- Forex forecast 05/10/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 10, 2024
- Week Ahead – US inflation numbers to shake Fed rate cut bets May 10, 2024
- GBP/USD: trading tips for beginners for European session on May 10 May 10, 2024
- EUR/USD: trading tips for beginners for European session on May 10 May 10, 2024
- Market Comment – Dollar slides, gold shines after soft US labor market data May 10, 2024
- Technical Analysis – AUDUSD remains undecided near crucial technical region May 10, 2024
- Technical Analysis – USDCAD slips beneath 20-day SMA May 10, 2024
The euro succeeded in breaking the 1.33 area and also having broken the uptrend line at 1.3330 on 4-hour charts. The strongest area to note down is 1.3133 (M_PV), although to get to it, it must overcome a level of 1.3248 which represents 61.8% of the last bullish movement and also important first weekly support. This area can provide bounce for the pair, so we recommend buying at these levels. But if the pair breaks this level and closes the day below this level, it could accelerate its fall to the area of 1.3110. On the other hand, observing the monthly chart pivots, we believe that this pair must have an important support at 1.3133 monthly pivot. Therefore, we see the following trading signals will be valid for all this week.
Signals for August 12 – 17, 2013
Buy if rebound is around 1.3248 (W_S1), take profit is at 1.3416 (W_R1), stop loss is below 1.32.
Sell below 1.3248 or if it pulls back at 1.3324 (W_PV), take profits are at 1.3156 and 1.3115 (W_S2) and stop loss is above R1.
____WEEKLY_______
Weekly – R3 = 1.3584
Weekly – R2 = 1.3492
Weekly – R1 = 1.3416
Weekly Pivot = 1.3324
Weekly – S1 = 1.3248
Weekly – S2 = 1.3156
Weekly – S3 = 1.3080
____MONTHLY____
Monthly – R3 = 1.4101
Monthly – R2 = 1.3722
Monthly – R1 = 1.3512
Monthly Pivot = 1.3133
Monthly – S1 = 1.2923
Monthly – S2 = 1.2544
Monthly – S3 = 1.2334
If you would like to get this indicator, feel free to contact me via skype: gerardofx or email: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: