The main goal of growth is still the weekly control zone 1.1139-1.1125. Bullish momentum is a priority. Correction zone WCZ 1/2 1.1044-1.1037, tested on Friday, is still the support. Its re-test will make it possible to obtain favorable prices for the purchase of the instrument again.
Growth may continue from current levels, since favorable prices have already been received. In this case, it is necessary to keep purchases until the December high is updated, after which the position should be moved to breakeven.
An alternative model will be developed if the closure the US session occurs below the WCZ 1/2. This will open the way for pulling down the pair and changing the medium-term priority. Selling from current levels are not profitable, since the likelihood of continued growth is 75%.
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.
