FX.co ★ EUR/USD - weekly and monthly pivot points and signals, for March 11 - 16, 2013

The euro remains very lateral, with a new low at 1.2955 hit on late Friday. According to the pivot table it is trading below the 1.3030 pivot point. If the pair closes above this level, the probability of an upward movement increases. On the other hand, below 1.3030 this pair will continue be pushed down to the level of 1.2851, the second weekly support level.

Signals for March 11 - 16, 2013

Buy in case of close above 1.3030 (W_PPV), take profit is at 1.3107 and 1.3209, and stop loss is below first weekly support (W_S1) at 1.2928.

Sell in case of pullback at 1.3030, take profit is at 1.2851, and stop loss is above 1.3107 (W_R1).

____WEEKLY_______
Weekly - R3 = 1.3286
Weekly - R2 = 1.3209
Weekly - R1 = 1.3107
Weekly Pivot = 1.3030
Weekly - S1 = 1.2928
Weekly - S2 = 1.2851
Weekly - S3 = 1.2749

If you would like to get this indicator, feel free to contact me via email: gerardo.porras@analytics.instaforex.com

____MONTHLY____

Monthly – R3 = 1.4198
Monthly – R2 = 1.3954
Monthly – R1 = 1.3505
Monthly Pivot = 1.3261
Monthly – S1 = 1.2812
Monthly – S2 = 1.2568
Monthly – S3 = 1.2119