EURUSD: medium-term buys of the pair. | 04 December 2019

04 December 2019, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.10685-1.10743. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.EURUSD: medium-term buys of the pair.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.10714-1.10830. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 03.12.2019.

• Quotation of the higher boundary of the zone 1/4-1.10589.

• Quotation of the higher boundary of the zone 1/2-1.10229.

• Intraday objectives: update the highs from 03.12.2019-1.10942.

• Medium-term objectives: test the lower bound of WCZ - 1.11264.EURUSD: medium-term buys of the pair.

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

• Buy: 1.10229-1.10589, Take Profit 1-1.10942, Take Profit 2-1.11264.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

• TRADE FUEL WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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