FX.co ★ EUR/USD - Weekly and Monthly Pivot Points and Signals, For November 05 - 10, 2012

The EUR/USD pair is located below the weekly pivot point (1.2892) and below the Moving Average of 200 periods (1.2835). Accordingly, the pivot points signify the following.
The euro is trading a few pips above the weekly support of 1.2765. It is the last strong support, near this level a downward movement is likely to be seen.
On the other hand, above the weekly support (W_S1) the euro can take upward force and return to the levels of 1.2964 (strong resistance). Also, if the price breaks below the key level of 1.2765 a new bearish sequence until 1.25 is likely to start.
In the short term, the euro will remain bullish above the 1.2750.
1.2892 and 1.2967 are weekly and monthly pivot points for this week for EUR/USD.

Signals for November 05 - 10, 2012

Buy long if it closes above weekly support of 1.2765, take profit at 1.2892 and if it closes above (W_PV) 1.3091. Stop loss is below weekly support of 1.2693 (W_S2).

Sell if it closes bellow 1.2892(W_PV), take profit at 1.2765 and 1.2566, and stop loss is above 1.2964 (W_R1).

____WEEKLY_____
Weekly - R3 = 1.3163
Weekly - R2 = 1.3091
Weekly - R1 = 1.2964
Weekly Pivot = 1.2892
Weekly - S1 = 1.2765
Weekly - S2 = 1.2693
Weekly - S3 = 1.2566

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____MONTHLY____
Monthly - R3 = 1.3466
Monthly - R2 = 1.3303
Monthly - R1 = 1.3130
Monthly Pivot = 1.2967
Monthly - S1 = 1.2794
Monthly - S2 = 1.2631
Monthly - S3 = 1.2458