EURUSD – Up
• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.01967-1.02157. 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 1.00000-1.00100. 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 05.09.2022.
• Quotation of the lower boundary of the zone 1/4-0.99551.
• Quotation of the lower boundary of the zone 1/2-1.00081.
• Intraday objectives: update the lows from 05.09.2022-0.99011.
• Medium-term objectives: test the higher bound of WCZ – 0.98841.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 0.99551-1.00081, Take Profit 1-0.99011, Take Profit 2-0.98841.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
