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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 17 May 2019

17 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. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations of 1.12073-1.12170. 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 16.05.2019. Quotation of the lower boundary of the zone 1/4-1.12058. Quotation of the lower boundary of the zone 1/2-1.12460. Intraday objectives: update the lows from 16.05.2019-1.11663. Medium-term objectives: test the higher bound of WCZ - 1.11029. Trading recommendations: sells from the range of favorable prices 1.12058-1.12460 in the formation of a reversal pattern.

Sell: 1.12058-1.12460, Take Profit 1-1.11663, Take Profit 2-1.11029.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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