EURUSD: medium-term sells of the pair.

01 July 2020, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12274-1.12473. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1.12228-1.12309. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 30.06.2020.

• Quotation of the lower boundary of the zone 1/4-1.12346.

• Quotation of the lower boundary of the zone 1/2-1.12801.

• Intraday objectives: update the lows from 30.06.2020-1.11891.

• Medium-term objectives: test the higher bound of WCZ - 1.11701.EURUSD: medium-term sells of the pair.

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

• Sell: 1.12346-1.12801, Take Profit 1-1.11891, Take Profit 2-1.11701.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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