EURUSD: medium-term sells of the pair. | 25 April 2019

25 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 1.12452-1.12568. At the moment, the pair is trading lower, indicating 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 1.12134-1.12567. At the moment, the pair is trading lower, indicating 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 24.04.2019. Quotation of the lower boundary of the zone 1/4-1.11869. Quotation of the lower boundary of the zone 1/2-1.12328. Intraday objectives: update the highs from 24.04.2019-1.11408. Medium-term objectives: test the higher bound of GWCZ - 1.10475. Trading recommendations: sells from a range of favorable prices 1.11869-1.12328 in the formation of a reversal pattern.

Sell: 1.11869-1.12328, Take Profit 1-1.11408, Take Profit 2-1.10475.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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