EURUSD: medium-term sells of the pair. | 09 March 2023

09 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 1.06600-1.06900. At the moment, the pair is trading lower, indicating the strength of sellers.EURUSD: medium-term sells of the pair.

• Medium-term trend: goes short. 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 lower, indicating the strength of sellers.

• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 08.03.2023.

• Quotation of the lower boundary of the zone 1/4-1.05792.

• Quotation of the lower boundary of the zone 1/2-1.06322.

• Intraday objectives: update the lows from 08.03.2023-1.05262.

• Medium-term objectives: test the higher bound of WCZ - 1.04862.EURUSD: medium-term sells of the pair.

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

• Sell: 1.05792-1.06322, Take Profit 1-1.05262, Take Profit 2-1.04862.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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