Yesterday, the couple tested the monthly CZ of July. This makes it necessary to completely close short positions and look for opportunities to buy the instrument. Not far from the current price is also the range of the weekly average. All of this indicates the possibility of the emergence of large demand, which must be used to enter purchases when forming the "false breakdown" pattern on any timeframe.
The downward impulse is a strong medium-term structure, so for the turn in the correction, it will require the appearance of large buyers. This can be seen on the closure of the US sessions.
An alternative model will be to continue the fall of the pair until the May minimum. This will entail going beyond the limits of the monthly short-circuit, which will make it possible to enter purchases at favorable prices with a probability of working out above 90%.
Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.
Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.
Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.
