The EUR / USD pair was tested in the area of 1.2264-1.2303, which indicates a high probability of forming a correctional or reversal model. Ascending Impulse is a priority direction. For this reason, the descending movement should be perceived as corrective until the time the reversal pattern has formed. Within the monthly control zone, there is a weekly quote of 1.2283 - 1.2267, a test that led to the appearance of a large offer. As yesterday's movement surpassed the average daily rate, the probability of updating the weekly maximum is close to 90%. The medium-term upward movement is likely to be stopped within the monthly control zone, if there is a way out of this zone.
The intraday model implies a decrease in the control zone 1/2 1.2212-1.2204, where the fate of the upward impulse is determined. If the pair can stay above this zone, the growth will continue, and the first goal will be updated to yesterday's high. The NKZ 1/2 is located within the daily average, which also makes significant support. Closure of today's US session below this zone will allow the decline and the formation of the deeper correction. The purpose of this movement will be the weekly control zone at 1.2128 - 1.2112, which was formed from yesterday's high.
The daytime CP is the daytime control zone. The zone is formed by important data from the futures market.
The weekly CP is the weekly control zone. The zone is 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.
