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EURUSD: medium-term sells of the pair.

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

24 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 1.12383-1.12487. 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 1.11632-1.11700. At the moment, the pair is trading higher, indicating the weakness 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 23.05.2019. Quotation of the lower boundary of the zone 1/4-1.11471. Quotation of the lower boundary of the zone 1/2-1.11867. Intraday objectives: update the lows from 23.05.2019-1.11029. Medium-term objectives: test the higher bound of GWCZ - 1.10228. Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from the range of favorable prices 1.11471-1.11867 in the formation of a reversal pattern.

Sell: 1.11471-1.11867, Take Profit 1-1.11029, Take Profit 2-1.10228.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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