EURUSD: medium-term buys of the pair. | 04 November 2019

04 November 2019, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.10347-1.10556. 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 1.11082-1.11174. 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 31.10.2019. • Quotation of the lower boundary of the zone 1/4-1.11373. • Quotation of the lower boundary of the zone 1/2-1.10973. • Intraday objectives: update the lows from 31.10.2019-1.11772. • Medium-term objectives: test the higher bound of WCZ - 1.12378. • Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern. • Buy: 1.10973-1.11373, Take Profit 1-1.11772, Take Profit 2-1.12378. • WCZ (weekly control zone) • GWCZ (golden weekly control zone) • SWCZ (silver weekly control zone) • TRADE FUEL WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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