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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 17 February 2020

17 February 2020, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.11622-1.11756. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.09132-1.09214. 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 14.02.2020.

• Quotation of the lower boundary of the zone 1/4-1.08613.

• Quotation of the lower boundary of the zone 1/2-1.08953.

• Intraday objectives: update the lows from 14.02.2020-1.08273.

• Medium-term objectives: test the higher bound of GWCZ - 1.07663.

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

• Sell: 1.08613-1.08953, Take Profit 1-1.08273, Take Profit 2-1.07663.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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