EURUSD: medium-term sells of the pair. | 24 April 2019

24 April 2019, EUR/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12369-1.12459. At the moment, the pair is trading lower, indicating the strength of sellers. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.13051-1.13151. At the moment, the pair is trading lower, indicating 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 23.04.2019. Quotation of the lower boundary of the zone 1/4-1.12387. Quotation of the lower boundary of the zone 1/2-1.12843. Intraday objectives: update the highs from 23.04.2019-1.11917. Medium-term objectives: test the higher bound of WCZ - 1.13677. Trading recommendations: sells from a range of favorable prices 1.12387-1.12843 in the formation of a reversal pattern.

Sell: 1.12387-1.12843, Take Profit 1-1.11917, Take Profit 2-1.11396.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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