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EURUSD: medium-term buys of the pair.

EURUSD: medium-term buys of the pair. | 02 March 2023

02 March 2023, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.06700-1.07000. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.06070-1.06200. 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 01.03.2023.

• Quotation of the higher boundary of the zone 1/4 - 1.06406.

• Quotation of the higher boundary of the zone 1/2 - 1.05876.

• Intraday objectives: update the highs from 01.03.2023- 1.06935.

• Medium-term objectives: test the lower bound of WCZ - 1.07480.

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

• Buy: 1.05876-1.06406, Take Profit 1-1.06935, Take Profit 2-1.07480.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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