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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 08 February 2019

08 February 2019, EUR/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13871-1.14122. At the moment, the pair is trading lower, which indicates the strength of sellers. Medium-term trend: goes short.. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.14481-1.14560. 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 07.02.2019. Quotation of the lower boundary of the zone 1/4-1.13693. Quotation of the lower boundary of the zone 1/2-1.14166. Intraday objectives: update the lows from 07.02.2019-1.13245. Medium-term objectives: test the higher bound of GWCZ -1.13297. Trading recommendations: sells from the range of favorable prices 1.13693-1.14166 in the formation of a reversal pattern.

Sell: 1.13693-1.14166, Take Profit 1-1.13245, Take Profit 2-1.12376.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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