EURUSD – Up
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.05800-1.06100. 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 1.06650-1.06770, 1.08500-1.08600 and 1.09360-1.09460. 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 21.11.2023.
• Quotation of the higher boundary of the zone 1/4 – 1.09205.
• Quotation of the higher boundary of the zone 1/2 – 1.08785.
• Intraday objectives: update the highs from 21.11.2023- 1.09625.
• Medium-term objectives: test the lower bound of SWCZ – 1.09442.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 1.08785-1.09205, Take Profit 1-1.09625, Take Profit 2-1.10290.
• 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.
