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EURUSD: medium-term sells of the pair. | 06 Tháng bảy 2020

06 Tháng bảy 2020, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12213-1.12331. At the moment, the pair is trading higher, indicating the weakness of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.12228-1.12309. At the moment, the pair is trading higher, indicating the weakness 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 01.07.2020.

• Quotation of the lower boundary of the zone 1/4-1.12299.

• Quotation of the lower boundary of the zone 1/2-1.12754.

• Intraday objectives: update the lows from 01.07.2020-1.11844.

• Medium-term objectives: test the higher bound of WCZ - 1.11714.

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

• Sell: 1.12299-1.12754, Take Profit 1-1.11844, Take Profit 2-1.11714.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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