EURUSD: medium-term sells of the pair. | 28 June 2021

28 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 1.21206-1.21284. 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 1.21165-1.21297. 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 18.06.2021.

• Quotation of the lower boundary of the zone 1/4-1.18920.

• Quotation of the lower boundary of the zone 1/2-1.19360.

• Intraday objectives: update the lows from 18.06.2021-1.18480.

• Medium-term objectives: test the higher bound of SWCZ - 1.17449.

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

• Sell: 1.18920-1.19360, Take Profit 1-1.18480, Take Profit 2-1.17449.

• 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 .