EURUSD: medium-term sells of the pair. | 23 Agustus 2019

23 Agustus 2019, EUR/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12272-1.12344. 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 1.12061-1.12139. 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 22.08.2019. Quotation of the lower boundary of the zone 1/4-1.11033. Quotation of the lower boundary of the zone 1/2-1.11431. Intraday objectives: update the lows from 22.08.2019-1.10636. Medium-term objectives: test the higher bound of GWCZ - 1.10093.EURUSD: medium-term sells of the pair. Trading recommendations: sells from the range of favorable prices 1.11033-1.11431 in the formation of a reversal pattern.

Sell: 1.11033-1.11431, Take Profit 1-1.10636, Take Profit 2-1.10093.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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