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EURUSD: medium-term buys of the pair.

EURUSD: medium-term buys of the pair. | 16 April 2020

16 April 2020, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.11749-1.12023. At the moment, the pair is trading lower, indicating the strength of sellers.EURUSD: medium-term buys of the pair.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.08623-1.08731. 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 15.04.2020.

• Quotation of the higher boundary of the zone 1/4-1.09459. • Quotation of the higher boundary of the zone 1/2-1.09004

• Intraday objectives: update the highs from 15.04.2020-1.09914.

• Medium-term objectives: test the lower bound of GWCZ - 1.10489.EURUSD: medium-term buys of the pair.

• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern. • Buy: 1.09004-1.09459, Take Profit 1-1.09914, Take Profit 2-1.10489. • WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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