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EURUSD: temporary uncertainty.

EURUSD: temporary uncertainty. | 22 May 2020

22 May 2020, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.08332-1.08472. At the moment, the pair is trading higher, indicating the strength of buyers.

• Medium-term trend: temporary uncertainty. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.08105-1.08171. 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 21.05.2020.

• Quotation of the higher boundary of the zone 1/4-1.09641. • Quotation of the higher boundary of the zone 1/2-1.09186.

• Intraday objectives: update the highs from 21.05.2020-1.10096.

• Medium-term objectives: test the lower bound of GWCZ - 1.10426.

• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern. • Buy: 1.09186-1.09641, Take Profit 1-1.10096, Take Profit 2-1.10426. • WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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