EURUSD – Up
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.97549-0.97738. At the moment, the pair is trading lower, indicating the strength of sellers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 0.97330-0.97411 and 0.97838-0.97970. At the moment, the pair is trading higher, indicating the strength of buyers.
• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 30.09.2022.
• Quotation of the higher boundary of the zone 1/4 – 0.98018.
• Quotation of the higher boundary of the zone 1/2 – 0.97488.
• Intraday objectives: update the highs from 30.09.2022- 0.98548.
• Medium-term objectives: test the lower bound of SWCZ – 0.99623.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 0.97488-0.98018, Take Profit 1-0.98548, Take Profit 2-0.99623.
• 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.
