The traders should take an advantage of the situation by opening the short positions on weekly R1 or long positions on weekly S1. The targetting of the weekly Pivot may prove to be a viable strategy fior swing trading. This strategy can be used otherwise: it is possible to open the long positions on weekly S2 and short positions weekly R2 with weekly targets S1 or R1.
You can copy these pivot levels for easy access, and to consider in advance the support and resistance levels level for each particular pair.
_____WEEKLY_____
Weekly - R3 = 1.1047
Weekly - R2 = 1.0952
Weekly - R1 = 1.0841
Weekly Pivot = 1.0746
Weekly - S1 = 1.0635
Weekly - S2 = 1.0540
Weekly - S3 = 1.0429
_____MONTHLY____
Monthly - R3 = 1.1155
Monthly - R2 = 1.1006
Monthly - R1 = 1.0868
Monthly Pivot = 1.0719
Monthly - S1 = 1.0581
Monthly - S2 = 1.0432
Monthly - S3 = 1.0294
