EURUSD: medium-term buys of the pair. | 09 December 2019

09 December 2019, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.10710-1.10768. 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 1.10752-1.10835. At the moment, the pair is trading lower, indicating the weakness of buyers.

• 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 04.12.2019.

• Quotation of the higher boundary of the zone 1/4-1.10833.

• Quotation of the higher boundary of the zone 1/2-1.10473.

• Intraday objectives: update the highs from 04.12.2019-1.11193.

• Medium-term objectives: test the lower bound of WCZ - 1.11298.

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

• Buy: 1.10473-1.10833, Take Profit 1-1.11193, Take Profit 2-1.11298.

• 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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