EURUSD: medium-term buys of the pair. | 31 January 2023

31 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 1.06300-1.06650. At the moment, the pair is trading higher, indicating the strength of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.08150-1.08300. 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 23.01.2023.

• Quotation of the higher boundary of the zone 1/4 - 1.08802.

• Quotation of the higher boundary of the zone 1/2 - 1.08271.

• Intraday objectives: update the highs from 23.01.2023- 1.09331.

• Medium-term objectives: test the lower bound of GWCZ - 1.10297.

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

• Buy: 1.08271-1.08802, Take Profit 1-1.09331, Take Profit 2-1.10297.

• 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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus