The upward movement of May remains a medium-term impulse, since the week-long short-term breaks only in the direction of growth. The downward movement rests on support zones, which makes it possible to look for purchases when forming patterns. The last support zone for the NCP 1/2 0.7542-0.7536 was tested on May 23, as a result of which the growth resumed. The closest goal for fixing purchases is the weekly maximum. The main growth target will be the NCP 1/2 0.7654-0.7648 after one of the American sessions can close above the level of 0.7586.
At current levels, purchasing is not recommended, since the pair teets a significant extremum. To find profitable purchase prices, you need to reduce the price to one of the younger control zones. To disrupt the upward impulse, it will be necessary to absorb the last growth and to anchor below the NCP 1/2 0.7542-0.7536. This will entail the cancellation of purchases and the search for profitable prices for sale. While the pair is trading above this zone, sales are not profitable. The weekly maximum test will allow you to transfer purchases made this week to a break-even, and some of the long position can be fixed in profit.
