EURUSD: medium-term sells of the pair. | 10 November 2023

10 November 2023, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.05700-1.06000. At the moment, the pair is trading higher, indicating the weakness of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.06750-1.06800. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. • 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 09.11.2023.

• Quotation of the lower boundary of the zone 1/4-1.07026.

• Quotation of the lower boundary of the zone 1/2-1.07446.

• Intraday objectives: update the lows from 09.11.2023-1.06606.

• Medium-term objectives: test the higher bound of WCZ - 1.05911.

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

• Sell: 1.07026-1.07446, Take Profit 1-1.06606, Take Profit 2-1.05911.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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