EURUSD: medium-term buys of the pair. | 08 September 2022

08 September 2022, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.01967-1.02157. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 0.98991-0.99090. 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 07.09.2022.

• Quotation of the higher boundary of the zone 1/4 - 0.99603.

• Quotation of the higher boundary of the zone 1/2 - 0.99073.

• Intraday objectives: update the highs from 07.09.2022- 1.00132.

• Medium-term objectives: test the lower bound of GWCZ - 1.00807.

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

• Buy: 0.99073-0.99603, Take Profit 1-1.00132, Take Profit 2-1.00807.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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