EURUSD: medium-term sells of the pair. | 21 January 2021

21 January 2021, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.21600-1.21750. At the moment, the pair is trading lower, indicating the strength of sellers.EURUSD: medium-term sells of the pair. • Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.21510-1.21600. 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 18.01.2021.

• Quotation of the lower boundary of the zone 1/4-1.20934.

• Quotation of the lower boundary of the zone 1/2-1.21334.

• Intraday objectives: update the lows from 18.01.2021-1.20534.

• Medium-term objectives: test the higher bound of SWCZ - 1.20339.EURUSD: medium-term sells of the pair.

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

• Sell: 1.20934-1.21334, Take Profit 1-1.20534, Take Profit 2-1.20339.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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