EURUSD: medium-term sells of the pair. | 17 Agustus 2021

17 Agustus 2021, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.18575-1.18672. At the moment, the pair is trading lower, indicating the strength of sellers. • Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.18353-1.18424. 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 11.08.2021.

• Quotation of the lower boundary of the zone 1/4-1.17511.

• Quotation of the lower boundary of the zone 1/2-1.17951.

• Intraday objectives: update the lows from 11.08.2021-1.17070.

• Medium-term objectives: test the higher bound of GWCZ - 1.16490.

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

• Sell: 1.17511-1.17951, Take Profit 1-1.17070, Take Profit 2-1.16490.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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