EURUSD: medium-term buys of the pair. | 14 July 2023

14 July 2023, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.08900-1.09400. At the moment, the pair is trading higher, indicating the strength of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.09660-1.09750 and 1.11800-1.11950. 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 14.07.2023.

• Quotation of the higher boundary of the zone 1/4 - 1.11924.

• Quotation of the higher boundary of the zone 1/2 - 1.11444.

• Intraday objectives: update the highs from 14.07.2023- 1.12409.

• Medium-term objectives: test the lower bound of GWCZ - 1.13154.

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

• Buy: 1.11444-1.11924, Take Profit 1-1.12409, Take Profit 2-1.13154.

• 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 .