Download as pdf or txt
Download as pdf or txt
You are on page 1of 1

Trading Signal - 01/09/2015 - 10:00 (GMT +3)

Instrument: EURUSD
by: Chief Technical Strategist Avramis Despotis

Previous Close

1.1280

Change

0.55 %

Current

1.1281

52 Week High

1.2971

52 Week Low

1.0480

30 Days ATR

0.0078

40 Weeks ATR

0.0226

Time

60min
CHART

Next 3
Days

240min
CHART

Next 3
Weeks

Daily
CHART

Next 3
Months

Trend & Condition

Upwards Strong

Overbought 1

Downwards Strong

Neutral

Upwards Strong

Neutral

Support & Resistances

1.1268

1.1321

1.1235

1.1408

1.1181

1.1548

1.1156

1.1320

1.0993

1.1420

1.0892

1.1583

1.1150

1.1385

1.0854

1.1713

1.0323

1.2041

Comments

A Medium probability, entry


signal to go LONG was given at
1.1262 after the market
completed a bullish trend
reversal pattern. Only the
downward break of 1.1190 would
cancel the bullish scenario.
The market is testing resistance
at 1.1320. We are waiting to see
reversal signals in order to
reinstate SHORT positions, or
alternatively the downward break
of the 1.1156 support level. Next
important resistance the 1.1420
level.
A Medium probability, entry
signal to go LONG was given at
1.1270 after the market found
support at 1.1150. Only the
downward break of 1.1150 would
cancel the bullish scenario and
take us SHORT.

Position &
Trade
Probability

Entry, Take Profit & Stop


Loss Levels

Position

Entry

SL

LONG

1.1262

1.1190

Trade P.

TP1

TP2

Medium

1.1323

1.1360

Position

Entry

SL

SELL

Trade P.

TP1

TP2

1.0993

1.0892

Position

Entry

SL

LONG

1.1270

1.1150

Trade P.

TP1

TP2

Medium

1.1713

1.2041

Legal Disclaimer: All trading signals provided are general recommendations. They have not been prepared in accordance with the requirements designed to promote the independence of
investment research.

12, Richard & Verengaria Street Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus P.O.Box 50626, 3608 Limassol, Cyprus

You might also like