EURUSD – Up
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.96943-0.97160. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.
• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 0.96998-0.97098. 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 12.10.2022.
• Quotation of the lower boundary of the zone 1/4-0.97225.
• Quotation of the lower boundary of the zone 1/2-0.97769.
• Intraday objectives: update the lows from 12.10.2022-0.96695.
• Medium-term objectives: test the higher bound of SWCZ – 0.95839.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 0.97225-0.97769, Take Profit 1-0.96695, Take Profit 2-0.95839.
• 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.
