For this week the pivot points (weekly and monthly) for EUR/USD are: 1.2891 weekly; 1.2843 monthly.
The euro is located above the weekly pivot point and above the Moving Average of 200 periods.
Accordingly, the pivot points signify the following.
The euro is trading above the weekly pivot close to this level and is likely to continue an upward movement. The trend can become extremely bullish if it goes above 200 day moving average period. In short-term, the euro will remain uptrend, a fall below 1.28 could change the trend.
Signal for 01 - 05 October, 2012
Buy long if close above EMA 200 at 1.2800, take profit at 1.3051 and 1.3115, stop-loss is below weekly support of 1.2750 (W_S2).
Buy above pivot point of 1.2891, with take profit at 1.3051 and 1.3115, stop-loss bellow 1,2750(W_S2).
____WEEKLY_____
Weekly - R3 = 1.3115
Weekly - R2 = 1.3051
Weekly - R1 = 1.2955
Weekly Pivot = 1.2891
Weekly - S1 = 1.2795
Weekly - S2 = 1.2731
Weekly - S3 = 1.2635
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____MONTHLY____
Monthly - R3 = 1.3856
Monthly - R2 = 1.3513
Monthly - R1 = 1.3186
Monthly Pivot = 1.2843
Monthly - S1 = 1.2516
Monthly - S2 = 1.2173
Monthly - S3 = 1.1846
