EURUSD: medium-term sells of the pair. | 22 June 2020

22 June 2020, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12463-1.12638. 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 1.12324-1.12381. 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 19.06.2020.

• Quotation of the lower boundary of the zone 1/4-1.12136.

• Quotation of the lower boundary of the zone 1/2-1.12591.

• Intraday objectives: update the lows from 19.06.2020-1.11680.

• Medium-term objectives: test the higher bound of GWCZ - 1.10830.EURUSD: medium-term sells of the pair.

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

• Sell: 1.12136-1.12591, Take Profit 1-1.11680, Take Profit 2-1.10830.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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