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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 07 June 2021

07 June 2021, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.20689-1.20859. At the moment, the pair is trading higher, indicating the weakness 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 1.21872-1.21945. 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 04.06.2021.

• Quotation of the lower boundary of the zone 1/4-1.21479.

• Quotation of the lower boundary of the zone 1/2-1.21919.

• Intraday objectives: update the lows from 04.06.2021-1.21039.

• Medium-term objectives: test the higher bound of WCZ - 1.20934.EURUSD: medium-term sells of the pair.

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

• Sell: 1.21479-1.21919, Take Profit 1-1.21039, Take Profit 2-1.20934.

• WCZ (weekly control zone)

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

James Hoggarth
Analyst of FreshForex
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