EURUSD: medium-term buys of the pair. | 02 August 2022

02 August 2022, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.01847-1.02057. At the moment, the pair is trading higher, indicating the strength of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.01538-1.01637. 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 02.08.2022.

• Quotation of the higher boundary of the zone 1/4 - 1.02405.

• Quotation of the higher boundary of the zone 1/2 - 1.01875.

• Intraday objectives: update the highs from 02.08.2022- 1.02945.

• Medium-term objectives: test the lower bound of WCZ - 1.03135.

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

• Buy: 1.01875-1.02405, Take Profit 1-1.02945, Take Profit 2-1.03135.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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