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EURUSD: medium-term sells of the pair.

EURUSD: medium-term sells of the pair. | 24 July 2023

24 July 2023, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.08800–1.09400. 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 1.12250-1.12350. 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 21.07.2023.

• Quotation of the lower boundary of the zone 1/4-1.11562.

• Quotation of the lower boundary of the zone 1/2-1.12042.

• Intraday objectives: update the lows from 21.07.2023-1.11081.

• Medium-term objectives: test the higher bound of WCZ - 1.10877.EURUSD: medium-term sells of the pair.

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

• Sell: 1.11562-1.12042, Take Profit 1-1.11081, Take Profit 2-1.10877.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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