Medium-term flat continues, which allows working from the boundaries of its range. The target of the downward movement is the weekly control zone (KZ) 1.3261-1.3233. The goal of the upward movement is above the December highs, which makes the probability of reaching that area in the present week low.
Medium-term plan.
The task of the medium term flat involves finding entry points from its borders. The lower boundary of the flat was formed last week, and the upper boundary was formed three weeks ago. The most profitable purchase prices are located within the weekly short-term outline of 1.3261-1.3233. A decline towards this zone will remain a priority in the medium term. Since the price is located in the middle of the flat range, the transaction seems to be uneasy. Favorable prices for selling the instrument can be seen near the December highs.
In connection with the approaching pre-New Year holidays, which lesser workers on different exchanges, it is best to conduct transactions in the weekly and monthly extremes and try not to trade within the flat range.
Intraday plan.
Yesterday, there was a confirmation of the reversal pattern of the lower period and obtaining favorable prices for the purchase of the instrument. There was a test of NKZ 1/4 1.3346-1.3339, which made it possible to open a long position. The first target growth is NKZ 1/2 1.3459-1.3445, testing this will determine the priority for the second half of December. If the growth stops in this zone, it will indicate the resumption of a downward movement. Breakdown and consolidation above the level of 1.3459 will open the way for further medium-term growth of the pair.
Daytime CP is the daytime control zone. The zone formed by important data from the futures market, which change several times a year.
Weekly CP is the weekly control zone. The zone formed by important futures market marks, which change several times a year.
Monthly CP is the monthly control zone. The zone is a reflection of the average volatility over the past year.
* The presented market analysis is informative and does not constitute a guide to the transaction.
