EURUSD: medium-term sells of the pair. | 19 Febrero 2019

19 Febrero 2019, EUR/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.14250-1.14494. At the moment, the pair is trading lower, which indicates 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 1.12797-1.12984. At the moment, the pair is trading higher, indicating the weakness 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 15.02.2019. Quotation of the lower boundary of the zone 1/4-1.12794. Quotation of the lower boundary of the zone 1/2-1.13254. Intraday objectives: update the lows from 15.02.2019-1.12338. Medium-term objectives: test the higher bound of SWCZ -1.11471. Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from the range of favorable prices 1.12794-1.13254 in the formation of a reversal pattern.

Sell: 1.12794-1.13254, Take Profit 1-1.12338, Take Profit 2-1.11471.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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