Monday, October 29, 2012

EUR/USD Weekly/Monthly Pivot Points Trading Signals

EUR/USD Weekly/Monthly Pivot Points Trading Signals


EUR/USD Weekly PivotsThe EUR/USD is located below the weekly pivot point and above the Moving Average of 200 periods. Accordingly, the pivot points signify the following. The EUR/USD is trading a few pips below the weekly pivot, near this level a downward movement is likely to be seen. On the other hand, above the weekly pivot the euro can take upward force and return to the levels of 1.3150 (strong resistance). Read more