EURUSD: medium-term buys of the pair. | 10 March 2022

10 March 2022, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13287-1.13442. At the moment, the pair is trading lower, indicating the strength 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 1.09091-1.09196. 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 09.03.2022.

• Quotation of the higher boundary of the zone 1/4 - 1.10479.

• Quotation of the higher boundary of the zone 1/2 - 1.09999.

• Intraday objectives: update the highs from 09.03.2022 - 1.10959.

• Medium-term objectives: test the lower bound of SWCZ - 1.11859.EURUSD: medium-term buys of the pair.

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

• Buy: 1.09999-1.10479, Take Profit 1-1.10959, Take Profit 2-1.11859.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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