EURUSD: medium-term buys of the pair.

16 May 2019, EUR/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12146-1.12219. At the moment, the pair is trading lower, indicating the strength of sellers.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 of 1.12034-1.12307. 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 13.05.2019. Quotation of the higher boundary of the zone 1/4-1.12225. Quotation of the higher boundary of the zone 1/2-1.11829. Intraday objectives: update the highs from 13.05.2019-1.12632. Medium-term objectives: test the lower bound of WCZ - 1.12947.EURUSD: medium-term buys of the pair. 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 1.11829-1.12225 in the formation of a reversal pattern.

Buy: 1.11829-1.12225 Take Profit 1-1.12632, Take Profit 2-1.12947.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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