EURUSD: medium-term buys of the pair. | 21 September 2020

21 September 2020, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.18421-1.18552. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.17961-1.18041. 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 18.09.2020.

• Quotation of the higher boundary of the zone 1/4 - 1.18213. • Quotation of the higher boundary of the zone 1/2 - 1.17713.

• Intraday objectives: update the highs from 18.09.2020 - 1.18713.

• Medium-term objectives: test the lower bound of WCZ - 1.19378.

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

• Buy: 1.17713-1.18213, Take Profit 1-1.18713, Take Profit 2-1.19378.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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