EURUSD: medium-term buys of the pair. | 23 June 2022

23 June 2022, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.05115-1.05288. 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 1.05325-1.05404. 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 22.06.2022.

• Quotation of the higher boundary of the zone 1/4 - 1.05603.

• Quotation of the higher boundary of the zone 1/2 - 1.05123.

• Intraday objectives: update the highs from 22.06.2022- 1.06083.

• Medium-term objectives: test the lower bound of WCZ - 1.06383.EURUSD: medium-term buys of the pair.

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

• Buy: 1.05123-1.05603, Take Profit 1-1.06083, Take Profit 2-1.06383.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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