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EURUSD: medium-term buys of the pair.

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

04 March 2019, EUR/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13384-1.13490, 1.14244-1.14478. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.13474-1.13580. 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 28.02.2019. Quotation of the higher boundary of the zone 1/4-1.13742. Quotation of the higher boundary of the zone 1/2-1.13275. Intraday objectives: update the highs from 28.02.2019-1.14203. Medium-term objectives: test the lower bound of GWCZ -1.15100. Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful buys from the range of favorable prices 1.13275-1.13742 in the formation of a reversal pattern.

Buy: 1.13275-1.13742, Take Profit 1-1.14203, Take Profit 2-1.15100.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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