EURUSD: medium-term buys of the pair. | 04 Oktober 2022

04 Oktober 2022, EUR/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.97549-0.97738. 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 0.97330-0.97411 and 0.97838-0.97970. 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 30.09.2022.

• Quotation of the higher boundary of the zone 1/4 - 0.98018.

• Quotation of the higher boundary of the zone 1/2 - 0.97488.

• Intraday objectives: update the highs from 30.09.2022- 0.98548.

• Medium-term objectives: test the lower bound of SWCZ - 0.99623.

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

• Buy: 0.97488-0.98018, Take Profit 1-0.98548, Take Profit 2-0.99623.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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