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EURUSD: medium-term buys of the pair.

EURUSD: medium-term buys of the pair. | 16 March 2021

16 March 2021, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.19210-1.19339. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1.19573-1.19651. At the moment, the pair is trading lower, indicating the weakness 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 11.03.2021.

• Quotation of the higher boundary of the zone 1/4 - 1.19516. • Quotation of the higher boundary of the zone 1/2 - 1.19116.

• Intraday objectives: update the highs from 11.03.2021 - 1.19916.

• Medium-term objectives: test the lower bound of WCZ - 1.19981.EURUSD: medium-term buys of the pair.

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

• Buy: 1.19116-1.19516, Take Profit 1-1.19916, Take Profit 2-1.19981.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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