EURUSD: medium-term sells of the pair. | 20 May 2019

20 May 2019, EUR/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12146-1.12219. 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 of 1.12073-1.12170. 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 20.05.2019. Quotation of the lower boundary of the zone 1/4-1.11932. Quotation of the lower boundary of the zone 1/2-1.12332. Intraday objectives: update the lows from 20.05.2019-1.11531. Medium-term objectives: test the higher bound of WCZ - 1.11029. Trading recommendations: sells from the range of favorable prices 1.11932-1.12332 in the formation of a reversal pattern.

Sell: 1.11932-1.12332, Take Profit 1-1.11531, Take Profit 2-1.11029.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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