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EURUSD | 03 April 2023

03 April 2023, EUR/USD

· Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.07200-1.07500. At the moment, the pair is trading higher, indicating the strength of buyers.EURUSD

· Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.08250-1.08450. At the moment, the pair is trading lower, indicating the weakness 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 30.03.2023.

· Quotation of the higher boundary of the zone 1/4 - 1.08744.

· Quotation of the higher boundary of the zone 1/2 - 1.08214.

· Intraday objectives: update the highs from 30.03.2023- 1.09283.

· Medium-term objectives: test the lower bound of GWCZ - 1.10384.EURUSD

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

· Buy: 1.08214-1.08744, Take Profit 1-1.09283, Take Profit 2-1.10384.

James Hoggarth
Analyst of FreshForex
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