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EURUSD: medium-term buys of the pair.

EURUSD: medium-term buys of the pair. | 03 February 2020

03 February 2020, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.11519-1.11639. At the moment, the pair is trading lower, indicating the strength 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 1.10199-1.10266. 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 31.01.2020.

• Quotation of the higher boundary of the zone 1/4-1.10601.

• Quotation of the higher boundary of the zone 1/2-1.10241.

• Intraday objectives: update the highs from 31.01.2020-1.10961.

• Medium-term objectives: test the lower bound of WCZ - 1.11391.EURUSD: medium-term buys of the pair.

• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.

• Buy: 1.10241-1.10601, Take Profit 1-1.10961, Take Profit 2-1.11391.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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