7/24/2019 EN-EURUSD-20150908-A

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Trading Signal - 08/09/2015 - 16:00 (GMT +3)

Instrument: EURUSD

by: Chief Technical Strategist Avramis Despotis

Previous Close 1.1160

Change -0.04 %

Current 1.1160

52 Week High 1.2868

52 Week Low 1.0480

30 Days ATR 0.0068

40 Weeks ATR 0.0225

Time Trend & Condition Support & Resistances CommentsPosition &

TradeProbability

Entry, Take Profit & StopLoss Levels

60minCHART

Next 3Days

Upwards Strong

Neutral

1.1170 1.1240

1.1140 1.1320

1.1080 1.1470

A Medium probability, entrysignal to go LONG was given at1.1200 after the marketcompleted a bullish trendreversal pattern. Only thedownward break of 1.1100 would

cancel the bullish scenario andtake us SHORT.

Position Entry SL

LONG 1.1200 1.1100

Trade P. TP1 TP2

Medium 1.1240 1.1290

240minCHART

Next 3Weeks

Downwards Strong

Neutral

1.1080 1.1250

1.0990 1.1320

1.0840 1.1440

The market is testing resistanceat 1.1250. We are waiting to seereversal signals in order toreinstate SHORT positions, oralternatively the downward breakof the 1.1080 support level. Nextimportant resistance the 1.1320level.

Position Entry SL

SELL - -

Trade P. TP1 TP2

- 1.0990 1.0840

DailyCHART

Next 3Months

Upwards Strong

Neutral

1.1100 1.1385

1.0854 1.1713

1.0323 1.2041

A Medium probability, entrysignal to go SHORT was given at1.1150 after the marketcompleted a bearish trendreversal pattern. Only the upwardbreak of 1.1385 would cancel thebearish scenario.

Position Entry SL

SHORT 1.1150 1.1385

Trade P. TP1 TP2

Medium 1.1000 1.0850

Legal Disclaimer: All t rading signals provided are general recommendations. They have not been prepared in accordance wit h the requirements designed to promote the independence of

nvestment research.

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