Last week's trading closed below the Weekly Control Zone 1/2 1.1242-1.1233. This makes it possible to consider growth in order to find a sell pattern. On Friday, the Weekly Control Zone 1/4 1.1241-1.1236 was tested, which led to a halt in growth. If today's test formed extremum will allow us to form an "absorption" pattern, then sales will come to the fore again.
The target of the downward movement will be the weekly control zone 1.1151-1.1133. Reaching this zone will allow all us to implement the patter 100% and close most of the sales.
An alternative growth pattern will be developed if today's trading closes above the level of 1.1241. This will allow the local accumulation zone to be formed, and the implementation of the bearish model will be stretched over time.
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.
