Today's testing of 1/4 WCZ of 122.95-122.87 provides an opportunity to enter the sale. The first goal is a decline at least last week and a test of which will allow closing the part of the position. If sales are already open, it is necessary to keep them until the pair consolidates above the level of 122.95, which will allow changing the direction of work.
Today we can expect a decline in the framework of the average daily rate and the achievement of which will oblige to transfer the position to breakeven in the event of large demand.
An alternative model will be developed in case the pair can consolidate above the level of 122.95 in today's US session. It will oblige to close all sales and consider further growth to the next 1/2 WCZ of 123.85-123.69 at the resistance zone, where the fate of the downward bearish momentum will be determined.
Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.
Weekly CZ - weekly control zone. The area formed by marks from the important futures market, which changes several times a year.
Monthly CZ - monthly control zone. The area is a reflection of the average volatility over the past year.
