Last week, the EUR/USD pair was very positive. Now this pair is trading at 1.3219 after having covered the gap left in the opening week. This pair is located at 1.3159, above the weekly pivot, we believe the euro should go back to this level, to take bullish momentum. On the other hand, the break of the weekly pivot will add strength to the downward pressure that could lead to the first weekly support level, which is located at 1.3014. However, those who believe in the strength of the euro should expect this pair breaks above the highs of last week in order to go higher. Therefore, we recommend the following trading signals that will be valid for all this week.
Signals for June 10 - 13, 2013
Sell in case of trading bellow 1.3159 (W_PPV), take profit is at 1.3014 (W_S1) and stop loss is above the first resistance of 1.3364.
Buy if rebound is around 1.3159 (W_PPV), take profit is at 1.33 (W_R1), and stop loss is below 1.31.
____WEEKLY_______
Weekly - R3 = 1.3714
Weekly - R2 = 1.3509
Weekly - R1 = 1.3364
Weekly Pivot = 1.3159
Weekly - S1 = 1.3014
Weekly - S2 = 1.2809
Weekly - S3 = 1.2664
____MONTHLY____
Monthly – R3 = 1.3674
Monthly – R2 = 1.3458
Monthly – R1 = 1.3227
Monthly Pivot = 1.3011
Monthly – S1 = 1.2780
Monthly – S2 = 1.2564
Monthly – S3 = 1.2333
If you would like to get this indicator, feel free to contact me via skype: gerardofx or email: gerardo.porras@analytics.instaforex.com
