EURUSD: medium-term buys of the pair. | 26 August 2019

26 August 2019, EUR/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12272-1.12344. 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 1.11357-1.11430. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 26.08.2019. Quotation of the higher boundary of the zone 1/4-1.11234. Quotation of the higher boundary of the zone 1/2-1.10837. Intraday objectives: update the highs from 26.08.2019-1.11636. Medium-term objectives: test the lower bound of WCZ - 1.12112.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 1.10837-1.11234 in the formation of a reversal pattern.

Buy: 1.10837-1.11234, Take Profit 1-1.11636, Take Profit 2-1.12112.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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