EURUSD: medium-term buys of the pair. | 22 July 2022

22 July 2022, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.05343-1.05543. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.02369-1.02467. At the moment, the pair is trading lower, indicating the weakness 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 21.07.2022.

• Quotation of the higher boundary of the zone 1/4 - 1.02265.

• Quotation of the higher boundary of the zone 1/2 - 1.01735.

• Intraday objectives: update the highs from 21.07.2022- 1.02794.

• Medium-term objectives: test the lower bound of SWCZ - 1.03834.

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

• Buy: 1.01735-1.02265, Take Profit 1-1.02794, Take Profit 2-1.03834.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .