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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 01 November 2019

01 November 2019, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.10347-1.10556. At the moment, the pair is trading higher, indicating the strength of buyers.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 1.11236-1.11313. At the moment, the pair is trading higher, indicating the weakness 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 29.10.2019. • Quotation of the lower boundary of the zone 1/4-1.11168. • Quotation of the lower boundary of the zone 1/2-1.11568. • Intraday objectives: update the lows from 29.10.2019-1.10768. • Medium-term objectives: test the higher bound of WCZ - 1.10303.EURUSD: medium-term sells of the pair. • Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful sells from the range of favorable prices in the formation of a reversal pattern. • Sell: 1.11168-1.11568, Take Profit 1-1.10768, Take Profit 2-1.10303. • WCZ (weekly control zone) • GWCZ (golden weekly control zone) • SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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