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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 30 August 2019

30 August 2019, EUR/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12362-1.12464. 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 1.10772-1.10850. 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 29.08.2019. Quotation of the lower boundary of the zone 1/4-1.10822. Quotation of the lower boundary of the zone 1/2-1.11224. Intraday objectives: update the lows from 29.08.2019-1.10419. Medium-term objectives: test the higher bound of WCZ - 1.10040.EURUSD: medium-term sells of the pair. Trading recommendations: sells from the range of favorable prices 1.10822-1.11224 in the formation of a reversal pattern.

Sell: 1.10822-1.11224, Take Profit 1-1.10419, Take Profit 2-1.10040.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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