2014.07.21 | Forex Major Currency Pair Weekly Pivot Points
EURUSD Currency Pair
Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading at the 1.3521 price level and below the weekly pivot point (1.3550), according to data at 6:30 AM ET. The EURUSD high for the day has been 1.35486 while the low of day reached to 1.35179. The pair has started off the week on a decline with prices possibly on the way towards the major 1.3500 support level.
Weekly Pivot Point: 1.35507
— S1 – 1.34619
— S2 – 1.34014
— S3 – 1.33126
— R1 – 1.36112
— R2 – 1.37000
— R3 – 1.37605
Weekly Pivot Points: GBPUSD
GBPUSD prices are currently trading below the weekly pivot point at the start of the trading week. The GBPUSD finished last week below the major 1.7100 level and under last week’s main pivot point. This week’s first S1 support level comes in this week at 1.7015 with the main pivot at 1.7102 providing likely resistance.
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Weekly Pivot Point: 1.71027
— S1 – 1.70151
— S2 – 1.69475
— S3 – 1.68599
— R1 – 1.71703
— R2 – 1.72579
— R3 – 1.73255
Weekly Pivot Points: USDJPY
USDJPY prices are currently trading lower than the weekly pivot point to start the trading week. The USDJPY has closed below the weekly pivot points for the past two weeks in a row. Look for the main pivot to provide resistance this week with S1 support lurking below at 100.99 and R1 resistance above at the 101.69 level.
Weekly Pivot Point: 101.389
— S1 – 100.995
— S2 – 100.686
— S3 – 100.292
— R1 – 101.698
— R2 – 102.092
— R3 – 102.401
Weekly Pivot Points: USDCHF
USDCHF prices are currently trading higher than the weekly pivot point at the beginning of the trading week. The USDCHF was on an overall bullish trend last week and closed right near the R2 resistance level. Look for support into the weekly pivot at 0.8960 while resistance this week at the R1 resistance level comes in at the 0.9023 area.
Weekly Pivot Point: 0.89604
— S1 – 0.89183
— S2 – 0.88551
— S3 – 0.88130
— R1 – 0.90236
— R2 – 0.90657
— R3 – 0.91289
Article by CountingPips.com – Forex Trading Apps
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
