EURUSD: medium-term sells of the pair. | 06 October 2023

06 October 2023, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.06500-1.06800. At the moment, the pair is trading lower, indicating the strength of sellers.EURUSD: medium-term sells of the pair.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.06550-1.06750 and 1.05800-1.06000. At the moment, the pair is trading lower, indicating the strength 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 03.10.2023.

• Quotation of the lower boundary of the zone 1/4-1.04984.

• Quotation of the lower boundary of the zone 1/2-1.05464.

• Intraday objectives: update the lows from 03.10.2023-1.04504.

• Medium-term objectives: test the higher bound of SWCZ - 1.03949.EURUSD: medium-term sells of the pair.

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

• Sell: 1.04984-1.05464, Take Profit 1-1.04504, Take Profit 2-1.03949.

• 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 .