exploration

Looks to Sell EMA looks good EUR/USD

Short
FX:EURUSD   Euro / U.S. Dollar
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50 EMA is still above Price. Macd is still below zero a sign of a bearish market. RSI looks good for a sell. Even though there's a doji (A weak sell signal) on th Nasdag daily chart http://tinyurl.com/cho63pq ..... the S&P 500 has a good bearish candle on the Daily Chart http://tinyurl.com/clgaxxm
I decided to use the pivot method ..P is 1.224....S1 is1.2074.....S2 is 1.1968... S3 is 1.1802 ..R1 is 1.2345...R2 is 1.2511 ...R3 is 1.2617
I think its going to S1 and am ready if the price goes to R1.. the one hour RSI shows that the price is heading towards my P line. I hope to publish the 30 min chart with the pivot lines soon


This is free pivot calculator http://www.babypips.com/tools/forex-calc... This link has tips on the pivot method and the math on how to caculate the pivot numbers http://www.babypips.com/school/how-to-ca... This persons video explains how to use the piviot method in detail http://youtu.be/nvMhj3n01D8 and this person explains in a video Pivot Point Strategy http://youtu.be/0D_O6ZeRRn8

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Aug. 7 2012
EUR/USD News Quote from Fxstreet.com "Research team expects now EUR/USD to build a base above the 2010 low of 1.1877" at http://tinyurl.com/8ze4kzv Quote from Fxstreet.com "On the downside, the 1.2285 area is expected to emerge as an initial support on dips." at http://tinyurl.com/cyydxpt
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This is my 30 min chart with details on the pivot method
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