EURUSD: medium-term buys of the pair. | 06 June 2019

06 June 2019, EUR/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12417-1.12495. 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 1.12437-1.12559. At the moment, the pair is trading lower, indicating the weakness 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 05.06.2019. Quotation of the higher boundary of the zone 1/4-1.12667. Quotation of the higher boundary of the zone 1/2-1.12269. Intraday objectives: update the highs from 05.06.2019-1.13065. Medium-term objectives: test the lower bound of GWCZ - 1.13561.EURUSD: medium-term buys of the pair. Trading recommendations: the volumes of the medium-term trend impede the entry into the buy transaction, I recommend staying out of the market.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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