EURUSD – Up
· Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.07200-1.07500. At the moment, the pair is trading higher, indicating the strength of buyers.
· Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.08250-1.08450. At the moment, the pair is trading lower, indicating the weakness 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 30.03.2023.
· Quotation of the higher boundary of the zone 1/4 – 1.08744.
· Quotation of the higher boundary of the zone 1/2 – 1.08214.
· Intraday objectives: update the highs from 30.03.2023– 1.09283.
· Medium-term objectives: test the lower bound of GWCZ – 1.10384.
· Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
· Buy: 1.08214–1.08744, Take Profit 1-1.09283, Take Profit 2-1.10384.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
