Weekly technical levels:

Tip(s):

• R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. 
• Pivot lines work well on the sideways markets as the prices are most likely to be located between the R1 and S1 lines. 
• Within a strong trend, the price is expected to be lower than the pivot point line and continue moving. 
• If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3. 

• If the trend is of upside character, then the strength of the currency will be defined as following: EUR is in uptrend and USD is in downtrend. 
• Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account. Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, you will surely lose your profit. 
• Stop loss should never exceed your maximum exposure amounts. 
• As a rule, the market is highly volatile if the last day had a huge volatility.