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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 10 August 2021

10 August 2021, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.18575-1.18672. 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 1.18353-1.18424. 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 10.08.2021.

• Quotation of the lower boundary of the zone 1/4-1.17758.

• Quotation of the lower boundary of the zone 1/2-1.18198.

• Intraday objectives: update the lows from 10.08.2021-1.17318.

• Medium-term objectives: test the higher bound of GWCZ - 1.16473.EURUSD: medium-term sells of the pair.

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

• Sell: 1.17758-1.18198, Take Profit 1-1.17318, Take Profit 2-1.16473.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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