EURUSD: medium-term buys of the pair. | 04 March 2019

04 March 2019, EUR/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13384-1.13490, 1.14244-1.14478. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.13474-1.13580. 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 28.02.2019. Quotation of the higher boundary of the zone 1/4-1.13742. Quotation of the higher boundary of the zone 1/2-1.13275. Intraday objectives: update the highs from 28.02.2019-1.14203. Medium-term objectives: test the lower bound of GWCZ -1.15100. Trading recommendations: 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 1.13275-1.13742 in the formation of a reversal pattern.

Buy: 1.13275-1.13742, Take Profit 1-1.14203, Take Profit 2-1.15100.

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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