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EURUSD: temporary uncertainty.

EURUSD: temporary uncertainty. | 03 January 2019

03 January 2019, EUR/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.14286-1.14451. At the moment, the pair is trading lower, indicating the strength of sellers.EURUSD: temporary uncertainty. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.13509-1.13592. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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 03.01.2019. Quotation of the lower boundary of the zone 1/4 - 1.13544, quotation of the lower boundary of the zone 1/2 - 1.14014. Intraday objectives: update the lows from 03.01.2019 – 1.13088, medium-term objectives: test the higher bound of GWCZ - 1.152204.EURUSD: temporary uncertainty. Trading recommendations: I recommend to refrain from entering the transaction.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

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James Hoggarth
Analyst of FreshForex
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