EURUSD: medium-term sells of the pair. | 16 January 2019

16 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 1.14081-1.14727. At the moment, the pair is trading lower, which indicates the strength of sellers.EURUSD: medium-term sells of the pair.

Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the ranges, of quotations 1.14639-1.14711 and 1.15233-1.15294. CAt the moment, the pair is trading lower, which indicates the strength 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 15.01.2019.

Quotation of the lower boundary of the zone 1/4-1.14279.

Quotation of the lower boundary of the zone 1/2-1.14741.

Intraday objectives: update the highs from 15.01.2019-1.13817.

Medium-term objectives: test the higher bound of GWCZ-1.12938.EURUSD: medium-term sells of the pair.

Trading recommendations: from the range of favorable prices 1.14741-1.14279 in the formation of a reversal pattern.

Sell: 1.14741-1.14279, Take Profit 1-1.13817, Take Profit 2-1.12938.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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