The euro pushed down last week and recovered in the last few hours. Now it is quoting at 1.3304. If you look at our analysis of Friday, you will notice that this is a strong resistance level, therefore, according to the table pivot, believe that there must be a reversal of the euro below 1.33, it is likely that the level of 1.3255 weekly pivot has a strong support for the pair, but if the pair closes the day below this level, it is likely that the following days the euro will continue falling until the first week of 1.3079 support. So we recommend you to monitor carefully the pivot level. We consider that this signal will have validity for the whole week.
Signals for February 25 - March 02, 2013
Sell in case of close below 1.3255 (W_PPV), take profit is at 1.3079, and stop loss is above weekly resistance (W_R1) at 1.3366
Buy in case of rebound above 1.3255, take profit is at 1.3366, and 1.3542 and stop loss is below 1.3079 (W_S1).
____WEEKLY_______
Weekly - R3 = 1.3653
Weekly - R2 = 1.3542
Weekly - R1 = 1.3366
Weekly Pivot = 1.3255
Weekly - S1 = 1.3079
Weekly - S2 = 1.2968
Weekly - S3 = 1.2792
If you would like to get this indicator, feel free to contact me via email: gerardo.porras@analytics.instaforex.com
____MONTHLY____
Monthly – R3 = 1.4378
Monthly – R2 = 1.3985
Monthly – R1 = 1.3782
Monthly Pivot = 1.3389
Monthly – S1 = 1.3186
Monthly – S2 = 1.2793
Monthly – S3 = 1.2590