I haven't dealt for sometime for various reasons. This time I am using what are called pivot points
Previous Day values
High : 1.6327
Low : 1.6094
Close : 1.6284
This works out to
R1 : 1.6376 S1 : 1.6143
R2 : 1.6468 S2 : 1.6002
R3 : 1.6609 S3 : 1.5910
Apparently these are commonly used values in trading so I have bought at S1. It is also outside of the 1.0 bollinger channel which is what I feel is a bad area to trade in.
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