Today's move will depend on whether the pair can gain a foothold above the WCZ 1/4 109.00-108.95. If consolidation occurs, then yesterday's purchases can be moved to breakeven and left for the medium term. The first goal of growth will be the upper middle course zone, which coincides with the November extremum. Work in the upward direction may become the main for the remaining days of this week.
Work in the upward direction remains a priority, as there was no consolidation below the WCZ 1/2 108.71-108.62.
An alternative model will be developed if the closure of today's US session occurs below the level of 108.62. This will entail the formation of a reversal pattern and the fall will become a major one in the medium term. It is important to understand that the probability of closing trades below the zone of the average weekly move is 30%, so you should not count on sales until the beginning of next week.
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.
