Closing last week's trading occurred near WCZ 1/2 0.9625-0.9609. If testing this zone will stop the fall and form an absorption pattern, then it is necessary to open a long position. Growth prospects are estimated at 186 points, which makes them profitable at a distance. Work in the upward direction will again acquire the status of a medium-term momentum.
Last week's fall did not absorb the growth of two weeks ago, so the likelihood of resuming growth is still above 70%.
An alternative model will develop if trade on Monday closes below the WCZ 1/2. This will indicate a change in the medium-term trend and will allow to consider selling on Tuesday. Work in the downward direction will become impulsive for the entire current week.
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 zone formed by important marks of the futures market, which changes several times a year.
Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.
