EURUSD: medium-term sells of the pair. | 26 August 2022

26 August 2022, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.01967-1.02157. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.00789-1.00920. 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 23.08.2022.

• Quotation of the lower boundary of the zone 1/4-0.99558.

• Quotation of the lower boundary of the zone 1/2-1.00088.

• Intraday objectives: update the lows from 23.08.2022-0.99023.

• Medium-term objectives: test the higher bound of GWCZ - 0.98528.

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

• Sell: 0.99558-1.00088, Take Profit 1-0.99023, Take Profit 2-0.98528.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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