EURUSD: medium-term buys of the pair. | 26 February 2019

26 February 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 long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.13309-1.13416. At the moment, the pair is trading higher, indicating the strength of buyers. The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 20.02.2019. Quotation of the higher boundary of the zone 1/4-1.13246. Quotation of the higher boundary of the zone 1/2-1.12788. Intraday objectives: update the highs from 20.02.2019-1.13711. Medium-term objectives: test the lower bound of WCZ -1.14177. Trading recommendations: holding previously opened positions. Long-term and medium-term trends in different directions, I recommend staying out of the market or very careful buys from the range of favorable prices 1.12788-1.13246 in the formation of a reversal pattern.

Buy: 1.12788-1.13246, Take Profit 1-1.13711, Take Profit 2-1.14177.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)


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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