EURUSD: medium-term sells of the pair. | 17 January 2019

17 January 2019, EUR/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13966-1.14080 and 1.14425-1.14727. At the moment, the pair is trading lower, which indicates 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 ranges, of quotations 1.14662-1.14726 and 1.15255-1.15311.At the moment, the pair is trading lower, which indicates 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 16.01.2019.

Quotation of the lower boundary of the zone 1/4-1.14235.

Quotation of the lower boundary of the zone 1/2-1.14697.

Intraday objectives: update the highs from 16.01.2019-1.13817.

Medium-term objectives: test the higher bound of GWCZ-1.13780.EURUSD: medium-term sells of the pair.

Trading recommendations: from the range of favorable prices 1.14235-1.14697in the formation of a reversal pattern.

Sell: 1.14235-1.14697, Take Profit 1-1.13780, Take Profit 2-1.12938.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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