FX.co ★ EUR/USD. Weekly and Monthly Pivot Points, For 26 - 30, December, 2011

It helps to have a map and be able to see where the price is relative to previous market action. In this way, we can see how the sentiment of traders and investors at any given time, it also gives us a general idea of ​​where the market is heading during the day. This information can help us decide which way to trade.
Pivot points, a technique developed by floor traders, help us see where the price is relative to previous market action. The pivot points can serve as a good entry point.

____WEEKLY_____
Weekly - R3 = 1.3382
Weekly - R2 = 1.3289
Weekly - R1 = 1.3167
Weekly Pivot = 1.3074
Weekly - S1 = 1.2952
Weekly - S2 = 1.2859
Weekly - S3 = 1.2737

____MONTHLY______
Monthly - R3 = 1.4467
Monthly - R2 = 1.4169
Monthly - R1 = 1.3807
Monthly Pivot = 1.3509
Monthly - S1 = 1.3147
Monthly - S2 = 1.2849
Monthly - S3 = 1.2487