Overview:
Daily pivot point: 1.3517
EUR/USD: According to the previous events, the price has still been trapped between 1.3520 and 1.3570. Selling zone is between 1.3570 (resistance 1) and 1.3620 (resistance 2).
- Short selling: Swing trade at this area since sellers are asking for a High price in order to sell with a traget of 1.3517 to retest the weekly pivot point, then it will continue towards 1.3470. At the level of 1.3770, strong support for October 1-4, 2013 will be formed. As well as, it should note that this level is going to form a double bottom. Moreover, the range forecast of this week between 180 pips and 225 pips (weekly).
Intraday technical levels:
Date & Time:1/10/2013 12:42
Pair:EUR/USD
R3: 1.3672
R2: 1.3619
R1: 1.3570
PP: 1.3517
S1: 1.3468
S2: 1.3415
S3: 1.3366
