Today, the pair is trading in the middle of the medium-term flat range. This makes it impossible to enter positions at competitive prices. Good prices for selling the instrument are at the maximum of the current week, which coincides with the WCZ 1/2 0.9552-0.9536. A test of this zone will be decisive for the downward movement.
To continue the formation of the downward model, everything is ready, therefore, it is necessary to consider the formation of possible patterns from current levels.
To rebuild the instrument on a bullish momentum, closing of today's trading above WCZ 1/2 is required. This will provide an opportunity to buy an instrument at the beginning of next week. The probability of this reversal is still 25%, which makes this model auxiliary.
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.
