On the third day, the accumulation zone is formed. Today's support will be the weekly control zone 1/2 0.9758-0.9745. While the pair is trading above this zone, the probability of updating the monthly maximum is 75%. Moreover, working towards the weakening Swiss pound is more profitable.
It is important to understand that the current accumulation phase in most cases will serve as a springboard for further weakening of the franc. This allows you to search for patterns to buy in the main support areas.
An alternative model has a probability of 25%, which makes sales from current marks unprofitable. However, if the closing of today's trading occurs below the weekly control zone 1/2, this will lead to the formation of a deeper correction. The target of the decline will be the weekly control zone 0.9619-0.9592.
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.
