EURUSD: temporary uncertainty. | 04 January 2019

04 January 2019, EUR/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13917-1.14391. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. EURUSD: temporary uncertainty. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.13691-1.14034. 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 03.01.2019. Quotation of the lower boundary of the zone 1/4 - 1.13544, quotation of the lower boundary of the zone 1/2 - 1.14014. Intraday objectives: update the lows from 03.01.2019 – 1.13088, medium-term objectives: test the higher bound of GWCZ - 1.152204.EURUSD: temporary uncertainty. Trading recommendations: temporary uncertainty, I recommend to refrain from entering the transaction.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
James Hoggarth
Analyst of FreshForex
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