EURUSD: medium-term buys of the pair. | 15 December 2021

15 December 2021, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12812-1.13016. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.12773-1.12848. 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 01.12.2021.

• Quotation of the higher boundary of the zone 1/4 - 1.13115.

• Quotation of the higher boundary of the zone 1/2 - 1.12675.

• Intraday objectives: update the highs from 01.12.2021 - 1.13555.

• Medium-term objectives: test the lower bound of WCZ - 1.14065.

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

• Buy: 1.12675-1.13115, Take Profit 1-1.13555, Take Profit 2-1.14065.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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