The euro is moving very slowly against the dollar, putting up above the psychological level of 1.30, if the pair closes below this level, it will be the beginning of the pair's fall to the level of 1.27 or the rebound of the pair, pointing to a new sequence upward to the level of 1.33. Therefore, the first weekly support of 1.2968 is the key to buying or selling this pair, so we recommend to be very careful to this area of price. Thus, we consider the following signal to be valid for this week.
Signals for April 22 - 27, 2013
Buy in case of rebound is around 1.2968 (W_S1), take profits are at 1.3084 and 1.3168, and stop loss is below first weekly support (W_S1) at 1.2968.
Sell if close below 1.2968 (W_S1), take profit is at 1.2884 and 1.2768 (W_S3), stop loss is above 1.3150.
____WEEKLY_______
Weekly - R3 = 1.3368
Weekly - R2 = 1.3284
Weekly - R1 = 1.3168
Weekly Pivot = 1.3084
Weekly - S1 = 1.2968
Weekly - S2 = 1.2884
Weekly - S3 = 1.2768
If you would like to get this indicator, feel free to contact me via email: gerardo.porras@analytics.instaforex.com
____MONTHLY____
Monthly – R3 = 1.3434
Monthly – R2 = 1.3283
Monthly – R1 = 1.3051
Monthly Pivot = 1.2900
Monthly – S1 = 1.2668
Monthly – S2 = 1.2517
Monthly – S3 = 1.2285
