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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 06 May 2020

06 May 2020, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.08651-1.08805. 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 1.09032-1.09116. 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 05.05.2020.

• Quotation of the lower boundary of the zone 1/4-1.08708.

• Quotation of the lower boundary of the zone 1/2-1.09163.

• Intraday objectives: update the lows from 05.05.2020-1.08253.

• Medium-term objectives: test the higher bound of GWCZ - 1.07468.EURUSD: medium-term sells of the pair.

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

• Sell: 1.08708-1.09163, Take Profit 1-1.08253, Take Profit 2-1.07468.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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