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EURUSD: medium-term buys of the pair.

EURUSD: medium-term buys of the pair. | 06 December 2022

06 December 2022, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.97761-0.98042. At the moment, the pair is trading higher, indicating the strength of buyers.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 1.05243-1.05341. At the moment, the pair is trading lower, indicating the weakness 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 05.12.2022.

• Quotation of the higher boundary of the zone 1/4 - 1.05425.

• Quotation of the higher boundary of the zone 1/2 - 1.04895.

• Intraday objectives: update the highs from 05.12.2022- 1.05955.

• Medium-term objectives: test the lower bound of GWCZ - 1.06119.EURUSD: medium-term buys of the pair.

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

• Buy: 1.04895-1.05425, Take Profit 1-1.05955, Take Profit 2-1.06119.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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