EURUSD – Up
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.97679-0.97848. At the moment, the pair is trading higher, indicating the strength of buyers.
• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 0.99430-0.99532. 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 31.10.2022.
• Quotation of the lower boundary of the zone 1/4-0.99274.
• Quotation of the lower boundary of the zone 1/2-0.99804.
• Intraday objectives: update the lows from 31.10.2022-0.98734.
• Medium-term objectives: test the higher bound of GWCZ – 0.97784.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 0.99274-0.99804, Take Profit 1-0.98734, Take Profit 2-0.97784.
• 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.
