The upward movement is a medium-term momentum that allows you to hold previously opened purchases. Entry from the current levels is not profitable, both in the direction of growth and in the direction of decline. Repeat purchases require a fall to one of the support zones is required. The closest zone is WCZ 1/4 109.10-109.05.
The purpose of the bullish impulse is the weekly control zone 110.15-109.94. When it is tested, the current phase will end and further growth will depend on the reaction of the price to the zone.
An alternative model will be developed there is a large offer today and the growth of the last two days will be absorbed. The probability of implementing such a model is below 30%, which makes selling unprofitable. Consider the decline only as an opportunity to buy the pair at a better price.
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.
