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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 18 October 2021

18 October 2021, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.15931-1.16055. At the moment, the pair is trading lower, indicating the strength of sellers. • Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.15958-1.16075. 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 12.10.2021.

• Quotation of the lower boundary of the zone 1/4-1.15690.

• Quotation of the lower boundary of the zone 1/2-1.16130.

• Intraday objectives: update the lows from 12.10.2021-1.15250.

• Medium-term objectives: test the higher bound of GWCZ - 1.14795.

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

• Sell: 1.15690-1.16130, Take Profit 1-1.15250, Take Profit 2-1.14795.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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