EURUSD: medium-term sells of the pair. | 31 January 2022

31 January 2022, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13213-1.13335. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.13431-1.13508. 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 28.01.2022.

• Quotation of the lower boundary of the zone 1/4-1.11648.

• Quotation of the lower boundary of the zone 1/2-1.12088.

• Intraday objectives: update the lows from 28.01.2022-1.11208.

• Medium-term objectives: test the higher bound of GWCZ - 1.10463.

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

• Sell: 1.11648-1.12088, Take Profit 1-1.11208, Take Profit 2-1.10463.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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