EURUSD: medium-term sells of the pair. | 28 September 2022

28 September 2022, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.99911-1.00072. 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 0.99897-1.00073, 0.98685-0.98861 and 0.96056-0.96224. 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 28.09.2022.

• Quotation of the lower boundary of the zone 1/4-0.96011.

• Quotation of the lower boundary of the zone 1/2-0.96541.

• Intraday objectives: update the lows from 28.09.2022-0.95421.

• Medium-term objectives: test the higher bound of GWCZ - 0.94661.

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

• Sell: 0.96011-0.96541, Take Profit 1-0.95421, Take Profit 2-0.94661.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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