EURUSD: medium-term sells of the pair. | 18 May 2023

18 May 2023, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.09550-1.09950. At the moment, the pair is trading lower, indicating the weakness of buyers.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 1.08750-1.08850 and 1.08600-1.08700. At the moment, the pair is trading lower, indicating the weakness of buyers. • 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 17.05.2023.

• Quotation of the lower boundary of the zone 1/4-1.08654.

• Quotation of the lower boundary of the zone 1/2-1.09184.

• Intraday objectives: update the lows from 17.05.2023-1.08124.

• Medium-term objectives: test the higher bound of GWCZ - 1.07849.EURUSD: medium-term sells of the pair.

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

• Sell: 1.08654-1.09184, Take Profit 1-1.08124, Take Profit 2-1.07849.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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