EURUSD: medium-term sells of the pair | 20 September 2019

20 September 2019, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.10486-1.10627. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.10704-1.10767. 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 16.09.2019.

• Quotation of the lower boundary of the zone 1/4-1.10368.

• Quotation of the lower boundary of the zone 1/2-1.10768.

• Intraday objectives: update the highs from 16.09.2019-1.09968.

• Medium-term objectives: test the higher bound of WCZ - 1.09553.

• Trading recommendations: sells from the range of favorable prices 1.10368-1.10768 in the formation of a reversal pattern.

• Sell: 1.10368-1.10768, Take Profit 1-1.09968, Take Profit 2-1.09553.

• 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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