Today, the pair is trading at the low of the current month. This suggests a downward bearish pressure. Sales opened last week should be partially or fully recorded since the probability of a return to the level of 0.6956 is 90%. In order to be able to open purchases, the formation of a false breakout pattern of yesterday's minimum will be required.
It is important to understand that the upward movement will be a correction to a strong fall. This suggests the need to fix purchases at the first levels of resistance and junior control zones.
An alternative model will be developed if the breakdown of yesterday's minimum will lead to a further decrease. This will not allow entering into purchases, however, sales from current grades are not profitable due to the high probability of a return to the lower limit of last week's average move.
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.
