EURUSD: medium-term buys of the pair. | 11 October 2023

11 October 2023, EUR/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.05000-1.05250. At the moment, the pair is trading higher, indicating the weakness 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 1.05100-1.05200 and 1.06000-1.06100. 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 10.10.2023.

• Quotation of the higher boundary of the zone 1/4 - 1.05725.

• Quotation of the higher boundary of the zone 1/2 - 1.05245.

• Intraday objectives: update the highs from 10.10.2023- 1.06205.

• Medium-term objectives: test the lower bound of WCZ - 1.06434.EURUSD: medium-term buys of the pair.

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

• Buy: 1.05245-1.05725, Take Profit 1-1.06205, Take Profit 2-1.06434.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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