Today, the pair is testing the WCZ 1/4 1.2830-1.2821. Forming a "false breakout" or "absorption" pattern on this zone will allow you to enter sales, which will continue the downward medium-term model. The first target of the decline will be the level of 1.2680, where we have a 90% probability of returning to.
Work in the downward direction will be the priority, until the main resistance zone of the WCZ 1/2 1.2936-1.2917 is broken.
For an alternative model, you will need to fix the price above the level of 1.2830, which will open the way for growth to the WCZ 1/2 1.2936-1.2917, where the fate of the downward medium-term impulse will be determined. When working between the two zones, getting up to 100 points of profit is possible, so rebuilding above the WCZ 1/4 will make purchases profitable.
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 the important marks of the futures market, which changes several times a year.
Monthly CZ - monthly control zone. The area that reflects the average volatility over the past year.
