For two weeks, a medium-term accumulation zone was formed, which allows us to consider the extremes of this week as the determining level of resistance and support.
Medium-term plan.
At the junior timeframe, the reversal pattern was formed, indicating the possible formation of a downward medium-term model in the near future. The target of the decline is the weekly KZ of 0.8830 - 0.8811. Achievement of this zone obliges to close a part of sales, and the rest to be withdrawn in breakeven. If the pair cannot bring about the reversal pattern for today, the upward movement will resume. The goal of growth is the weekly short-term of 0.9068 - 0.9049, where purchases are needed to be fixed.
To implement an ascending model, the price has to be kept above the current local minimum and take the current drop. This will create a pattern of growth with the possibility of making a profitable purchase.
Intraday plan.
Today, the way out of the NKZ 1/2 at 0.8926 - 0.8917 during the Asian session testifies to the absence of large orders in the designated zone. Fastening below the level of 0.8917 for today's US session will open the way for a decline to the week-long CP of 0.8830 - 0.8811. The nearest resistance is NKZ at 0.8954 - 0.8950. The test of this zone will allow getting more profitable prices in selling the instrument. The current goal of the reduction will be the NKZ at 0.8869 - 0.8865, which is located inside the day's turn of the instrument.
The daytime CP is the daytime control zone. The zone formed by important data from the futures market that change several times a year.
The weekly CP is the weekly control zone. The zone formed by marks from important futures market which change several times a year.
The monthly CP is the monthly control zone. The zone is a reflection of the average volatility over the past year.
