EN-EURUSD-20230712-M

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Trading Signal - 12 / 07 / 2023 - 10:00 (GMT +3)

Instrument: EURUSD
by: Chief Technical Strategist Avramis Despotis

Previous Close 1.1007

Change 0.02 %

Current 1.1032

52 Week High 1.1054

52 Week Low 0.9552

30 Days ATR 0.0136

40 Weeks ATR 0.0115

Trend & Support & Position & Trade Entry, Take Profit &
Time Comments
Condition Resistances Probability Stop Loss Levels

Position Entry SL

1.0975 1.1050
60min
Waiting for a retracement lower towards the BUY - -
CHART
1.0940 1.1100 1.0975 support level, in order to reinstate LONG
· Upwards
positions. Trade P. TP1 TP2
Next 3 Days Strong
· 1.0900 1.1140

Overbought 1 - - -

Position Entry SL

240min 1.0960 1.1090 The TP2 was almost reached and the market is at
CHART risk of correcting lower. We moved the stop loss at LONG 1.0940 1.0975
· 1.0900 1.1100 the new Lock in Profits level (1.0975). Provided the
Upwards
Next 3 market conditions will remain the same the TP2 Trade P. TP1 TP2
Strong
Weeks
·
1.0830 1.1140 will be reached soon.
Neutral Medium 1.0990 1.1090

Position Entry SL

Daily 1.0830 1.1100


CHART Waiting for a retracement lower towards the BUY - -
· 1.0750 1.1200 1.0830 support level, in order to reinstate LONG
Next 3 Upwards
positions. Trade P. TP1 TP2
Strong
Months 1.0630 1.1300
·
Neutral - - -
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.

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