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EURUSD: medium-term buys of the pair.

EURUSD: medium-term buys of the pair. | 05 October 2020

05 October 2020, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.17110-1.17200. 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 1.17250-1.17350. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 01.10.2020.

• Quotation of the higher boundary of the zone 1/4 - 1.17205. • Quotation of the higher boundary of the zone 1/2 - 1.16705.

• Intraday objectives: update the highs from 01.10.2020 - 1.17705.

• Medium-term objectives: test the lower bound of WCZ - 1.18134.EURUSD: medium-term buys of the pair.

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

• Buy: 1.16705-1.17205, Take Profit 1-1.17705, Take Profit 2-1.18134.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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