EUR/USD. Weekly and Monthly Pivot Points, For 02 - 06, January, 2012

The pivot point (PPv) is itself a level of support/resistance. It is considered as the largest price movement that can occur in a particular price. The pivot points are used in many ways, but typically are used to determine the overall market trend and to identify entry and exit levels.

In the charts, the weekly and monthly pivots are shown, you can use them as a map in your forex working, it will serve to identify possible points of entry and exit. I recommend using this tool, pivot points, in addition to other indicators of your choice.
You can copy or save these weekly pivot levels for easy reference, and when the market makes strong movements you will know beforehand, what level of price the market will rebound to or when it will change its trend.

____WEEKLY_____
Weekly - R3 = 1.3288
Weekly - R2 = 1.3185
Weekly - R1 = 1.3063
Weekly Pivot = 1.2960
Weekly - S1 = 1.2838
Weekly - S2 = 1.2735
Weekly - S3 = 1.2613







____MONTHLY______
Monthly - R3 = 1.4066
Monthly - R2 = 1.3808
Monthly - R1 = 1.3374
Monthly Pivot = 1.3116
Monthly - S1 = 1.2682
Monthly - S2 = 1.2424
Monthly - S3 = 1.1990