The pair is re-testing WCZ 1/2 108.02-107.83 today. This makes it possible to consider selling the instrument from current levels. If today's trading closes below the specified zone, this will confirm the resumption of the bearish medium-term model.
The fall will initially aim for the monthly low, which will enable you to get a very favorable risk-to-profit ratio when selling from current levels.
An alternative model will develop if today's trading closes above the WCZ 1/2. This will open the way for the pair to grow and cancel the bearish pattern. The growth target will be the weekly control zone of 110.11-109.72, which coincides with the zone of the average weekly move.
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.
