EURUSD: medium-term buys of the pair. | 07 October 2019

07 October 2019, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.09355-1.09452. At the moment, the pair is trading higher, indicating the weakness of sellers.EURUSD: medium-term buys of the pair.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.09602-1.09649. 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 04.10.2019.

• Quotation of the lower boundary of the zone 1/4-1.09651.

• Quotation of the lower boundary of the zone 1/2-1.09251.

• Intraday objectives: update the highs from 04.10.2019-1.10050.

• Medium-term objectives: test the lower bound of WCZ - 1.10456.EURUSD: medium-term buys of the pair.

• Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful buys from the range of favorable prices 1.09251-1.09651 in the formation of a reversal pattern.

• Buy: 1.09251-1.09651, Take Profit 1-1.10050, Take Profit 2-1.10456.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

• TRADE METALS WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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