EURUSD: medium-term sells of the pair | 11 April 2019

11 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 1.12225-1.12577. At the moment, the pair is trading higher, indicating the weakness 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 range, of quotations 1.12225-1.12575. At the moment, the pair is trading higher, indicating the weakness 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 02.04.2019. Quotation of the lower boundary of the zone 1/4-1.12299. Quotation of the lower boundary of the zone 1/2-1.12753. Intraday objectives: update the lows from 02.04.2019-1.11835. Medium-term objectives: test the higher bound of SWCZ - 1.10802.EURUSD: medium-term sells of the pair Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from the range of favorable prices 1.12299-1.12753 in the formation of a reversal pattern.

Sell: 1.12299-1.12753, Take Profit 1-1.11835, Take Profit 2-1.10802.

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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