The traders should take an advantage of the situation by opening the short positions on weekly R1 or long positions on weekly S1. Trageting the weekly Pivot can be considered as viable strategy for swing trading. The other way of using this strategy is to open the long positions on weekly S2 and short positions weekly R2 with weekly targets S1 or R1.
These pivot levels can be copied for easy access. It is necessary to consider in advance the support and resistance levels level for each particular pair.
____WEEKLY_____
Weekly - R3 = 1.3693
Weekly - R2 = 1.3689
Weekly - R1 = 1.3394
Weekly Pivot = 1.3290
Weekly - S1 = 1.3095
Weekly - S2 = 1.2991
Weekly - S3 = 1.2796
____MONTHLY______
Monthly - R3 = 1.4058
Monthly - R2 = 1.3772
Monthly - R1 = 1.3547
Monthly Pivot = 1.3261
Monthly - S1 = 1.3036
Monthly - S2 = 1.2750
Monthly - S3 = 1.2525
