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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 29 July 2022

29 July 2022, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.01847-1.02057. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1.01352-1.01523. At the moment, the pair is trading higher, indicating the weakness 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 27.07.2022.

• Quotation of the lower boundary of the zone 1/4-1.01543.

• Quotation of the lower boundary of the zone 1/2-1.02073.

• Intraday objectives: update the lows from 27.07.2022-1.00997.

• Medium-term objectives: test the higher bound of GWCZ - 1.00732.EURUSD: medium-term sells of the pair.

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

• Sell: 1.01543-1.02073, Take Profit 1-1.00997, Take Profit 2-1.00732.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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