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EURUSD: medium-term sells of the pair.

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

03 November 2022, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.97679-0.97848. At the moment, the pair is trading higher, indicating the strength of buyers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 0.99430-0.99532. 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 01.11.2022.

• Quotation of the lower boundary of the zone 1/4-0.98629.

• Quotation of the lower boundary of the zone 1/2-0.99159.

• Intraday objectives: update the lows from 01.11.2022-0.98098.

• Medium-term objectives: test the higher bound of GWCZ - 0.97818.

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

• Sell: 0.98629-0.99159, Take Profit 1-0.98098, Take Profit 2-0.97818.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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