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EURUSD: medium-term buys of the pair.

EURUSD: medium-term buys of the pair. | 07 August 2020

07 August 2020, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12893-1.13080. At the moment, the pair is trading higher, indicating the strength of buyers.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 1.17669-1.17746. 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 06.08.2020.

• Quotation of the higher boundary of the zone 1/4 - 1.18715. • Quotation of the higher boundary of the zone 1/2 - 1.18260.

• Intraday objectives: update the highs from 06.08.2020 - 1.19170.

• Medium-term objectives: test the lower bound of WCZ - 1.19705.EURUSD: medium-term buys of the pair.

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

• Buy: 1.18260 - 1.18715, Take Profit 1 - 1.19170, Take Profit 2 - 1.19705.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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