EURUSD: medium-term buys of the pair

16 September 2019, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12634-1.12753. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.10345-1.10478. At the moment, the pair is trading higher, indicating the weakness of sellers.

• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 13.09.2019.

• Quotation of the higher boundary of the zone 1/4-1.10711.

• Quotation of the higher boundary of the zone 1/2-1.10311.

• Intraday objectives: update the highs from 13.09.2019-1.11100.

• Medium-term objectives: test the lower bound of GWCZ - 1.11796.

• Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful buys from the range of favorable prices 1.10311-1.10711 in the formation of a reversal pattern.

Buy: 1.10311-1.10711, Take Profit 1-1.11100, Take Profit 2-1.11796.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

• TRADE METALS WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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