EURUSD: medium-term sells of the pair. | 03 November 2023

03 November 2023, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.05700-1.06000. At the moment, the pair is trading higher, indicating the weakness of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.05850-1.05950 and 1.05450-1.05550. At the moment, the pair is trading higher, indicating the weakness 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 01.11.2023.

• Quotation of the lower boundary of the zone 1/4-1.05661.

• Quotation of the lower boundary of the zone 1/2-1.06141.

• Intraday objectives: update the lows from 01.11.2023-1.05180.

• Medium-term objectives: test the higher bound of GWCZ - 1.04151.

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

• Sell: 1.05661-1.06141, Take Profit 1-1.05180, Take Profit 2-1.04151.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
James Hoggarth
Analyst of FreshForex
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