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EURUSD: temporary uncertainty.

EURUSD: temporary uncertainty. | 09 June 2020

09 June 2020, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.08457-1.08784. At the moment, the pair is trading higher, indicating the strength of buyers.EURUSD: temporary uncertainty.

• Medium-term trend: temporary uncertainty. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.09693-1.09788. 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 05.06.2020.

• Quotation of the higher boundary of the zone 1/4-1.13385. • Quotation of the higher boundary of the zone 1/2-1.12930.

• Intraday objectives: update the highs from 05.06.2020-1.13839.

• Medium-term objectives: test the lower bound of SWCZ - 1.14184.EURUSD: temporary uncertainty.

• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern. • Buy: 1.12930-1.13385, Take Profit 1-1.13839, Take Profit 2-1.14184. • WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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