The traders may use the situation and gain a profit by opening the short positions on weekly R1 or long positions on weekly S1. In case the weekly Pivot is targeted, the strategy may appear to be viable for the swing trading. The other way of working with this strategy is to open the long positions on weekly S2 and short positions weekly R2 with weekly targets S1 or R1.
The pivot levels can be copied for easy access. It is possible to consider in advance the support and resistance levels for each particular pair.
_____WEEKLY____
Weekly - R3 = 1.6145
Weekly - R2 = 1.6069
Weekly - R1 = 1.5953
Weekly Pivot = 1.5877
Weekly - S1 = 1.5761
Weekly - S2 = 1.5685
Weekly - S3 = 1.5569
_____MONTHLY____
Monthly - R3 = 1.6411
Monthly - R2 = 1.6202
Monthly - R1 = 1.6061
Monthly Pivot = 1.5852
Monthly - S1 = 1.5711
Monthly - S2 = 1.5502
Monthly - S3 = 1.5361
