EURUSD: medium-term buys of the pair | 16 December 2019

16 December 2019, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.11700-1.11773. At the moment, the pair is trading lower, indicating the weakness of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.10915-1.11010. At the moment, the pair is trading higher, indicating the strength of buyers.

• 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 13.12.2019.

• Quotation of the higher boundary of the zone 1/4-1.11589.

• Quotation of the higher boundary of the zone 1/2-1.11229.

• Intraday objectives: update the highs from 13.12.2019-1.11948.

• Medium-term objectives: test the lower bound of GWCZ - 1.12079.

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

• Buy: 1.11229-1.11589, Take Profit 1-1.11948, Take Profit 2-1.12079.

• 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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