EURUSD: medium-term buys of the pair. | 07 October 2019

07 October 2019, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.09355-1.09452. At the moment, the pair is trading higher, indicating the weakness of sellers.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 1.09602-1.09649. 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 04.10.2019.

• Quotation of the lower boundary of the zone 1/4-1.09651.

• Quotation of the lower boundary of the zone 1/2-1.09251.

• Intraday objectives: update the highs from 04.10.2019-1.10050.

• Medium-term objectives: test the lower bound of WCZ - 1.10456.EURUSD: medium-term buys of the pair.

• Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful buys from the range of favorable prices 1.09251-1.09651 in the formation of a reversal pattern.

• Buy: 1.09251-1.09651, Take Profit 1-1.10050, Take Profit 2-1.10456.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

• TRADE METALS WITHOUT SWAPS!


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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