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EURUSD: medium-term buys of the pair.

EURUSD: medium-term buys of the pair. | 18 October 2022

18 October 2022, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.96943-0.97160. At the moment, the pair is trading higher, indicating the strength of buyers.EURUSD: medium-term buys of the pair.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 0.97341-0.97423. 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 17.10.2022.

• Quotation of the higher boundary of the zone 1/4 - 0.98000.

• Quotation of the higher boundary of the zone 1/2 - 0.97470.

• Intraday objectives: update the highs from 17.10.2022- 0.98535.

• Medium-term objectives: test the lower bound of GWCZ - 0.99480.EURUSD: medium-term buys of the pair.

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

• Buy: 0.97470-0.98000, Take Profit 1-0.98535, Take Profit 2-0.99480.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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