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EUR/USD: Weekly and monthly pivot point and signal – for June 24 – 29, 2013
June 24, 2013 3:45 pmVideo
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This morning the EUR/USD pair has reached low levels of 1.3055. At the moment it is trading around the 200-day moving average at 1.3071. This is a possible bounce area, which can lead to resistance area of 1.3211 weekly pivot point level in this area. It is recommended to sell with objectives to weekly W_S1 at 1.3007. Looking at the graph of the monthly pivot point, notice that the price has moved from the M_PPV to monthly R2 throughout this month. Now it is trading around the monthly pivot, so when the price returns to this level you can buy back the euro. This week there will be data to move this pair, so we must be very attentive to the levels of support. Therefore, we recommend the following trading signals that will be valid for all this week.
Signals for June 24 – 29, 2013
Sell in case of pullback 1.3211 (W_PPV), take profit is at 1.3080 (EMA 200) and 1.3007 (W_S1) stop loss is above the pivot point of 1.3311.
Buy if rebound is around 1.3007 (W_S1), take profit is at 1.3075 (EMA 200), and 1.3211 weekly pivot with stop loss below 1.30.
____WEEKLY_______
Weekly – R3 = 1.3643
Weekly – R2 = 1.3529
Weekly – R1 = 1.3325
Weekly Pivot = 1.3211
Weekly – S1 = 1.3007
Weekly – S2 = 1.2893
Weekly – S3 = 1.2689
____MONTHLY____
Monthly – R3 = 1.3674
Monthly – R2 = 1.3458
Monthly – R1 = 1.3227
Monthly Pivot = 1.3011
Monthly – S1 = 1.2780
Monthly – S2 = 1.2564
Monthly – S3 = 1.2333
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
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