EURUSD: medium-term buys of the pair

12 September 2019, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12586-1.12701. 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 1.10388-1.10454. 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 05.09.2019.

• Quotation of the higher boundary of the zone 1/4-1.10506.

• Quotation of the higher boundary of the zone 1/2-1.10106.

• Intraday objectives: update the highs from 05.09.2019-1.10845.

• Medium-term objectives: test the lower bound of GWCZ - 1.11741.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 1.10106-1.10506 in the formation of a reversal pattern.

• Buy: 1.10106-1.10506, Take Profit 1-1.10845, Take Profit 2-1.11741.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

TRADE METALS WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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