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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 23 March 2020

23 March 2020, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.11731-1.11939. At the moment, the pair is trading lower, indicating the strength of sellers.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 1.07064-1.07367. 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 23.03.2020.

• Quotation of the lower boundary of the zone 1/4-1.06784.

• Quotation of the lower boundary of the zone 1/2-1.07214.

• Intraday objectives: update the lows from 23.03.2020-1.06354.

• Medium-term objectives: test the higher bound of GWCZ - 1.05688.EURUSD: medium-term sells of the pair.

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

• Sell: 1.06784-1.07214, Take Profit 1-1.06354, Take Profit 2-1.05688.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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