EURUSD: medium-term buys of the pair. | 30 September 2022

30 September 2022, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.99911-1.00072. 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 0.97330-0.97411 and 0.97838-0.97970. 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 30.09.2022.

• Quotation of the higher boundary of the zone 1/4 - 0.97909.

• Quotation of the higher boundary of the zone 1/2 - 0.97379.

• Intraday objectives: update the highs from 30.09.2022- 0.98439.

• Medium-term objectives: test the lower bound of GWCZ - 0.98614.EURUSD: medium-term buys of the pair.

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

• Buy: 0.97379-0.97909, Take Profit 1-0.98439, Take Profit 2-0.98614.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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