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EURUSD: medium-term buys of the pair

07 December 2018, EUR/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13563 - 1.14245. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.13753 - 1.13879. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 04.12.2018. Quotation of the higher boundary of the zone 1/4 - 1.13260, quotation of the higher boundary of the zone 1/2 - 1.13718. Intraday objectives: update the highs from 04.12.2018 – 1.14180, medium-term objectives: test the lower bound of WCZ - 1.14503. Trading recommendations: Long-term and medium-term trends in different directions, I recommend refraining from entering the transaction or a very neat Buys from a range of favorable prices 1.13260-1.13718 in the formation of a reversal pattern.

Buy: 1.13260-1.13718, Take Profit 1-1.14180, Take Profit 2-1.14503.

James Hoggarth
Analyst of FreshForex
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