EURUSD: medium-term sells of the pair. | 12 December 2018

12 December 2018, EUR/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13570-1.14034. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. EURUSD: medium-term sells of the pair. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located at the quote 1.13229. At the moment, the pair is trading higher, indicating the weakness of sellers. The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 11.12.2018. Quotation of the lower boundary of the zone 1/4 - 1.13514, quotation of the lower boundary of the zone 1/2 - 1.13984. Intraday objectives: update the lows from 11.12.2018 – 1.13057, medium-term objectives: test the higher bound of WCZ - 1.12589.EURUSD: medium-term sells of the pair. Trading recommendations: Volumes of the medium-term trend impede entry into a trade for sell, I recommend refraining from entering the trade or Sells from a range of favorable prices 1.13514 – 1.13984 in the formation of a reversal pattern.

Sell: 1.13514 – 1.13984, Take Profit 1-1.13057, Take Profit 2-1.12589.

WCZ (weekly control zone) GWCZ (golden weekly control zone) SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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