EURUSD: medium-term sells of the pair. | 01 April 2019

01 April 2019, EUR/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12230-1.12322 and 1.13570-1.3667. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.12252-1.12342. 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 29.03.2019. Quotation of the lower boundary of the zone 1/4-1.12557. Quotation of the lower boundary of the zone 1/2-1.13024. Intraday objectives: update the lows from 29.03.2019-1.12102. Medium-term objectives: test the higher bound of GWCZ - 1.11718. Trading recommendations: sells from the range of favorable prices 1.12557-1.13024 in the formation of a reversal pattern.

Sell: 1.12557-1.13024, Take Profit 1-1.12102, Take Profit 2-1.11718.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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