EURUSD: medium-term buys of the pair. | 03 March 2021

03 March 2021, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.21301-1.21396. 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 1.20796-1.20880. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 02.03.2021.

• Quotation of the higher boundary of the zone 1/4 - 1.20545. • Quotation of the higher boundary of the zone 1/2 - 1.20145.

• Intraday objectives: update the highs from 02.03.2021 - 1.20945.

• Medium-term objectives: test the lower bound of WCZ - 1.21515.EURUSD: medium-term buys of the pair.

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

• Buy: 1.20145-1.20545, Take Profit 1-1.20945, Take Profit 2-1.21515.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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