EURUSD: medium-term sells of the pair. | 20 June 2022

20 June 2022, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.04279-1.04418. At the moment, the pair is trading higher, indicating the strength of buyers.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 1.05157-1.05262. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 17.06.2022.

• Quotation of the lower boundary of the zone 1/4-1.04927.

• Quotation of the lower boundary of the zone 1/2-1.05407.

• Intraday objectives: update the lows from 17.06.2022-1.04447.

• Medium-term objectives: test the higher bound of WCZ - 1.04097.EURUSD: medium-term sells of the pair.

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

• Sell: 1.04927-1.05407, Take Profit 1-1.04447, Take Profit 2-1.04097.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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