EURUSD: medium-term buys of the pair. | 04 February 2019

04 February 2019, EUR/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13956-1.14122 and 1.14526-1.14692. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.EURUSD: medium-term buys of the pair. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.142314-1.14409. At the moment, the pair is trading higher, indicating the strength of buyers. 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 31.01.2019. Quotation of the higher boundary of the zone 1/4-1.14679. Quotation of the higher boundary of the zone 1/2-1.14219. Intraday objectives: update the highs from 31.01.2019-1.15141. Medium-term objectives: test the lower bound of GWCZ-1.15645.EURUSD: medium-term buys of the pair. Trading recommendations: buys from the range of favorable prices 1.14219-1.14679 in the formation of a reversal pattern.

Buy: 1.14219-1.14679, Take Profit 1-1.15141, Take Profit 2-1.15645.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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