EURUSD: medium-term sells of the pair. | 05 April 2021

05 April 2021, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.19217-1.19300. 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 1.17749-1.17855. 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 29.03.2021.

• Quotation of the lower boundary of the zone 1/4-1.17442.

• Quotation of the lower boundary of the zone 1/2-1.17842.

• Intraday objectives: update the lows from 29.03.2021-1.17042.

• Medium-term objectives: test the higher bound of SWCZ - 1.16762.EURUSD: medium-term sells of the pair.

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

• Sell: 1.17442-1.17842, Take Profit 1-1.17042, Take Profit 2-1.16762.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone) • SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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