EURUSD – Up
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.98766-0.99102. At the moment, the pair is trading lower, indicating the weakness of buyers.
• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 0.98533-0.98644. 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 07.10.2022.
• Quotation of the lower boundary of the zone 1/4-0.98398.
• Quotation of the lower boundary of the zone 1/2-0.98928.
• Intraday objectives: update the lows from 07.10.2022-0.97858.
• Medium-term objectives: test the higher bound of GWCZ – 0.96868.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 0.98398-0.98928, Take Profit 1-0.97858, Take Profit 2-0.96868.
• 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.
