EURUSD: medium-term sells of the pair. | 08 July 2019

08 July 2019, EUR/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13567-1.13692 and 1.12872-1.12955. At the moment, the pair is trading lower, indicating the strength of sellers.EURUSD: medium-term sells of the pair. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.13713-1.13789. 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 05.07.2019. Quotation of the lower boundary of the zone 1/4-1.12475. Quotation of the lower boundary of the zone 1/2-1.12872. Intraday objectives: update the lows from 05.07.2019-1.12070. Medium-term objectives: test the higher bound of GWCZ - 1.12070.EURUSD: medium-term sells of the pair. Trading recommendations: sells from a range of favorable prices 1.12475-1.12872 in the formation of a reversal pattern.

Sell: 1.12475-1.12872, Take Profit 1-1.12070, Take Profit 2-1.11722.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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