EUR/USD, Weekly and Monthly Pivot Point, For 06 - 10 February, 2012

The pivot point (PPV) is a support/resistance level. It takes into account the largest price movement that can take place in a particular price. The pivot points are used in many ways, but generally they serve to determine the overall market trend and to identify the levels of entry and exit.
The charts of the weekly and monthly pivots can be used as a plan for trading on Forex as they help to identify the possible points of entry and exit. You can use this tool with other indicators you prefer.
You can copy or save the weekly pivot levels for easy reference. You will be given a notification beforehand concerning the market fluctuations as a rebound of the market or change of a trend.
If you have a trading strategy system, you can use the levels of pivots to define the level for Take profit and Stop Loss orders.
BUY-deals are recommended at (S2) Support level 2; SELL-deals are recommended at (R_2) resistance level 2 and Take profit on the pivot point.

____WEEKLY_____
Weekly - R3 = 1.3448
Weekly - R2 = 1.3337
Weekly - R1 = 1.3247
Weekly Pivot = 1.3136
Weekly - S1 = 1.3046
Weekly - S2 = 1.2935
Weekly - S3 = 1.2845

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____MONTHLY______
Monthly - R3 = 1.3946
Monthly - R2 = 1.3590
Monthly - R1 = 1.3336
Monthly Pivot = 1.2980
Monthly - S1 = 1.2726
Monthly - S2 = 1.2370
Monthly - S3 = 1.2116



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