The upward movement continues for the second month, which indicates its strength. Within the framework of the week-long move, there are two important resistances at once. The main resistance is the monthly short-term fault of August 0.9330-0.9285.
Medium-term plan.
The strength of the upward momentum indicates the possibility of making purchases with any fall of the pair. The probability of updating the monthly maximum is 70%. This week, we should carefully consider the possible emergence of the proposal and the formation of a downward model, as the pair reached the monthly control zone. The test of this zone can lead to the formation of a deep correction model, within which sales of the instrument will be possible in the period of waiting for favorable prices for the purchase.
For the formation of an alternative model, a breakdown and fastening above the level of 0.9330 will be required. This will allow us to consider the continuation of growth without the formation of a correctional model. The probability of a breakdown and fixing above the monthly short-term fault is 30%.
Intraday plan.
When building today's trading plan, it is necessary to take into account the location within the average daily course of the NCP 1/2 0.9298-0.9289. The test of this zone will allow you to fix most of the purchases made earlier, and transfer the rest to a break even. The nearest support is the NCP 1/4 0.9221-0.9217, which is also in the reach zone. The decrease to the specified zone will allow receiving favorable prices for purchase in order to update the weekly maximum.
The daytime short-term fault is the daytime control zone. The zone formed by important data from the futures market, which change several times a year.
The weekly short-term fault is the weekly control zone. The zone formed by important futures market marks, which change several times a year.
The monthly short-term fault is the monthly control zone. The zone, which is a reflection of the average volatility over the past year.
