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EURUSD: medium-term buys of the pair.

EURUSD: medium-term buys of the pair. | 16 January 2023

16 January 2023, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.06100-1.06470. 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 1.07460-1.07560 and 1.07910-1.08040. 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 16.01.2023.

• Quotation of the higher boundary of the zone 1/4 - 1.08206.

• Quotation of the higher boundary of the zone 1/2 - 1.07676.

• Intraday objectives: update the highs from 16.01.2023- 1.08745.

• Medium-term objectives: test the lower bound of SWCZ - 1.09115.EURUSD: medium-term buys of the pair.

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

• Buy: 1.07676-1.08206, Take Profit 1-1.08745, Take Profit 2-1.09115.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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