Last week the euro tried to exceed the maximum of 1.3309, but failed to hold above this level. This week the volume will be very low, there will probably be a correction and slightly below the weekly pivot you can sell with objectives to weekly support. Therefore, we consider that the following signal will have validity for the whole week.
Signals for December 24 - 29, 2012
Sell if it close bellow to 1.3212 (W_PPV) take profit at 1.3118 and stop loss is above weekly resistance (W_R1) at 1.3282.
____WEEKLY_______
Weekly - R3 = 1.3446
Weekly - R2 = 1.3376
Weekly - R1 = 1.3282
Weekly Pivot = 1.3212
Weekly - S1 = 1.3118
Weekly - S2 = 1.3048
Weekly - S3 = 1.2954
If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com
____MONTHLY____
Monthly - R3 = 1.3490
Monthly - R2 = 1.3258
Monthly - R1 = 1.3123
Monthly Pivot = 1.2891
Monthly - S1 = 1.2756
Monthly - S2 = 1.2524
Monthly - S3 = 1.2389