The upward movement remains a medium-term impulse, which indicates the need to keep open purchases. Yesterday, the pair tested the weekly control zone 1/2's crucial support which is 1.3120-1.3112, which led to an increase in demand. Now, the main goal of the upward movement is the Weekly Control Zone 1.3231-1.3213.
This week, the formation of the medium-term accumulation zone is observed. It is important to pay attention to weekly extremes.
For the formation of an alternative model, the absorption of yesterday's growth will be required. The probability of this event is below 30%, which makes the sale of the instrument unprofitable until the pair reaches a weekly control zone. However, purchases from the middle of the flat range are also not profitable due to the ratio of risk to profit, which will be below 1/3.
Daily CZ - daily control zone. The zone formed by important data from the futures market that changes several times a year.
Weekly CZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly CZ - monthly control zone. The zone that reflects the average volatility over the past year.
