EURUSD: medium-term buys of the pair. | 12 October 2023

12 October 2023, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.05800-1.06200. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.EURUSD: medium-term buys of the pair.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.05100-1.05200 and 1.06000-1.06100. 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 11.10.2023.

• Quotation of the higher boundary of the zone 1/4 - 1.05881.

• Quotation of the higher boundary of the zone 1/2 - 1.05401.

• Intraday objectives: update the highs from 11.10.2023- 1.06361.

• Medium-term objectives: test the lower bound of GWCZ - 1.07410.EURUSD: medium-term buys of the pair.

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

• Buy: 1.05401-1.05881, Take Profit 1-1.06361, Take Profit 2-1.07410.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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