EURUSD: medium-term sells of the pair. | 16 July 2021

16 July 2021, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.18514-1.18625. 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 1.18527-1.18668. 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 14.07.2021.

• Quotation of the lower boundary of the zone 1/4-1.18163.

• Quotation of the lower boundary of the zone 1/2-1.18602.

• Intraday objectives: update the lows from 14.07.2021-1.17723.

• Medium-term objectives: test the higher bound of SWCZ - 1.17507.EURUSD: medium-term sells of the pair.

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

• Sell: 1.18163-1.18602, Take Profit 1-1.17723, Take Profit 2-1.17507.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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