FX.co ★ EUR/USD - Weekly and Monthly Pivot Points and Signals, For December 17 - 22, 2012

Last week the euro managed to overcome our key level of 1.3150, reaching the maximum 1.3172. It increases the chances that during the next few days the euro can reach the maximum of 1.33. You can buy in pair reversals, about daily or weekly support, we must bear in mind that the Federal Reserve has declared its willingness to extend its bond buyback program, as well as some of the other scenarios asset purchase this increases the likelihood that the euro remains bullish on the coming months. Therefore, we consider that the following signal will have validity for all this week.

Signals for December 17 - 22, 2012

Sell if it pulls back to 1.3262 (W_R1) take profit at 1.3071 and stop loss is above weekly resistance (W_R2) at 1.3362.

Buy if it rebounds around weekly pivot of 1.3071 (W_PPV), take profit at 1.3262 (W_S1), and stop loss is bellow (W_S1) at 1.2971.

____WEEKLY_______
Weekly - R3 = 1.3553
Weekly - R2 = 1.3362
Weekly - R1 = 1.3262
Weekly Pivot = 1.3071
Weekly - S1 = 1.2971
Weekly - S2 = 1.2780
Weekly - S3 = 1.2680

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