EURUSD: medium-term sells of the pair. | 21 January 2019
21 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 1.13828-1.14083 and 1.14524-1.14711. 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 1.13906-1.14006.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 18.01.2019.
Quotation of the lower boundary of the zone 1/4-1.13994.
Quotation of the lower boundary of the zone 1/2-1.14445.
Intraday objectives: update the lows from 18.01.2019-1.13531.
Medium-term objectives: test the higher bound of GWCZ-1.12936.
Trading recommendations: sells from the range of favorable prices 1.13994-1.14445 in the formation of a reversal pattern.
Sell: 1.13994-1.14445, Take Profit 1-1.13531, Take Profit 2-1.12936.
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