EURUSD: medium-term sells of the pair. | 18 December 2018

18 December 2018, EUR/USD

Long-term trend: temporary uncertainty. New contract. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13349-1.13473 and 1.12867. 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. It is very difficult to make a forecast in terms of volume analysis, as the new contract began to trade and the past volumes of the medium-term trend lost their meaning. The maximum accumulation of volumes of correction is located in the range, of quotations 1.13380-1.13514. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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 14.12.2018. Quotation of the lower boundary of the zone 1/4-1.13156, quotation of the lower boundary of the zone 1/2-1.13612. Intraday objectives: update the lows from 14.12.2018 - 1.12700, medium-term objectives: test the higher bound of WCZ - 1.12589.EURUSD: medium-term sells of the pair. Trading recommendations: The volume of the long-term trend prevents entry into the transaction, I recommend refraining from new positions or Sells from a range of favorable prices 1.13156-1.13612 in the formation of a reversal pattern.

Sell: 1.13156-1.13612, Take Profit 1-1.12700, Take Profit 2-1.12589.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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