EURUSD: medium-term sells of the pair. | 04 September 2020

04 September 2020, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.18283-1.18441. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1.18299-1.18404. 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 03.09.2020.

• Quotation of the lower boundary of the zone 1/4-1.18386.

• Quotation of the lower boundary of the zone 1/2-1.18886.

• Intraday objectives: update the lows from 03.09.2020-1.17886.

• Medium-term objectives: test the higher bound of GWCZ - 1.17131.EURUSD: medium-term sells of the pair.

• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.

• Sell: 1.18386-1.18886, Take Profit 1-1.17886, Take Profit 2-1.17131.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .