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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 02 December 2019

02 December 2019, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.10133-1.10220. 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 1.10101-1.10151. 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 29.11.2019.

• Quotation of the lower boundary of the zone 1/4-1.10170.

• Quotation of the lower boundary of the zone 1/2-1.10535.

• Intraday objectives: update the lows from 29.11.2019-1.09810.

• Medium-term objectives: test the higher bound of WCZ - 1.09595.

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

• Sell: 1.10170-1.10535, Take Profit 1-1.09810, Take Profit 2-1.09595.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

• TRADE FUEL WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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