EURUSD: medium-term sells of the pair. | 03 May 2022

03 May 2022, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.10021-1.10263. At the moment, the pair is trading lower, indicating the strength of sellers.EURUSD: medium-term sells of the pair.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.07069-1.07248. At the moment, the pair is trading lower, indicating the strength of sellers.

• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 28.04.2022.

• Quotation of the lower boundary of the zone 1/4-1.05199.

• Quotation of the lower boundary of the zone 1/2-1.05679.

• Intraday objectives: update the lows from 28.04.2022-1.04719.

• Medium-term objectives: test the higher bound of SWCZ - 1.04289.EURUSD: medium-term sells of the pair.

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

• Sell: 1.05199-1.05679, Take Profit 1-1.04719, Take Profit 2-1.04289.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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