This morning, the minimum of last week was tested, which triggered the growth of the pair. The first target of the upward movement is the weekly control zone 0.6111-0.6100. Reaching this zone should be considered for the appearance of a sell pattern, since the probability of continuing the medium- term bearish momentum is still high.
The downward momentum is already occurring outside the monthly average move. This makes it possible to consider a model of a return to its lower boundary, located at the level of 0.6196. Returning to this level will allow you to earn more than 100 profit points.
An alternative growth model will be developed if today's trading closes above the weekly control zone. This will open the direction for further growth to the level of 0.6196, which is the lower boundary of the monthly average move. Developing within the ascending movement will be corrective, therefore, it will require partial fixation at significant resistance levels.
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.
