EURUSD: medium-term sells of the pair. | 16 July 2019

16 July 2019, EUR/USD

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12357-1.12435. At the moment, the pair is trading higher, indicating the strength 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 1.12515-1.12662. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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 09.07.2019. Quotation of the lower boundary of the zone 1/4-1.12333. Quotation of the lower boundary of the zone 1/2-1.12731. Intraday objectives: update the lows from 09.07.2019-1.11925. Medium-term objectives: test the higher bound of GWCZ - 1.10544.EURUSD: medium-term sells of the pair. Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful sells from the range of favorable prices 1.12333-1.12731 in the formation of a reversal pattern.

Sell: 1.12333-1.12731, Take Profit 1-1.11925, Take Profit 2-1.11719.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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