EURUSD: medium-term sells of the pair. | 26 November 2021

26 November 2021, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.16006-1.16205. 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 1.12441-1.12562. 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 24.11.2021.

• Quotation of the lower boundary of the zone 1/4-1.12311.

• Quotation of the lower boundary of the zone 1/2-1.12756.

• Intraday objectives: update the lows from 24.11.2021-1.11871.

• Medium-term objectives: test the higher bound of GWCZ - 1.11121.EURUSD: medium-term sells of the pair.

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

• Sell: 1.12311-1.12756, Take Profit 1-1.11871, Take Profit 2-1.11121.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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