EURUSD: medium-term buys of the pair. | 29 January 2021

29 January 2021, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.21640-1.21780. At the moment, the pair is trading lower, indicating the strength of sellers.EURUSD: medium-term buys of the pair.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.21230-1.21290. At the moment, the pair is trading lower, indicating the weakness 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 22.01.2021.

• Quotation of the higher boundary of the zone 1/4 - 1.21516. • Quotation of the higher boundary of the zone 1/2 - 1.21116.

• Intraday objectives: update the highs from 22.01.2021 - 1.21916.

• Medium-term objectives: test the lower bound of WCZ - 1.22161.EURUSD: medium-term buys of the pair.

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

• Buy: 1.21116-1.21516, Take Profit 1-1.21916, Take Profit 2-1.22161.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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