EURUSD: medium-term buys of the pair. | 18 January 2023

18 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. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 - 1.08224.

• Quotation of the higher boundary of the zone 1/2 - 1.07694.

• Intraday objectives: update the highs from 16.01.2023- 1.08764.

• Medium-term objectives: test the lower bound of SWCZ - 1.09134.EURUSD: medium-term buys of the pair.

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

• Buy: 1.07694-1.08224, Take Profit 1-1.08764, Take Profit 2-1.09134.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .