EURUSD: medium-term sells of the pair. | 04 June 2021

04 June 2021, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.20689-1.20859. 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 1.21872-1.21945. 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 04.06.2021.

• Quotation of the lower boundary of the zone 1/4-1.21562.

• Quotation of the lower boundary of the zone 1/2-1.22002.

• Intraday objectives: update the lows from 04.06.2021-1.21122.

• Medium-term objectives: test the higher bound of WCZ - 1.20932.EURUSD: medium-term sells of the pair.

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

• Sell: 1.21562-1.22002, Take Profit 1-1.21122, Take Profit 2-1.20932.

• 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 .