FX.co ★ EUR/USD. Weekly and Monthly Pivot Points, For 28 - 30, November/ 01- 02 December, 2011

We have two graphs, one weekly and one monthly. The strategy we should do is buy the supports S1, (we must be cautious because if the market is bearish try to fall, until weekly support S2) S2, (at this level there is greater probability that the price rebound, at least to the weekly S1.) S3 (severe long-term strategy with the objective of take profit, to the weekly pivot point.) on the other side. The same applies when a market is bullish expect the levels of R1, R2, R3 to sell and take advantage of the price correction.

____WEEKLY_____
Weekly - R3 = 1.3823
Weekly - R2 = 1.3695
Weekly - R1 = 1.3466
Weekly Pivot = 1.3338
Weekly - S1 = 1.3109
Weekly - S2 = 1.2981
Weekly - S3 = 1.2752

____MONTHLY______
Monthly - R3 = 1.5449
Monthly - R2 = 1.4848
Monthly - R1 = 1.4352
Monthly Pivot = 1.3751
Monthly - S1 = 1.3255
Monthly - S2 = 1.2654
Monthly - S3 = 1.2158