The current position of the price does not allow to buy the pair profitably, however, any decline to the weekly low will be an excellent reason to enter a long position. The growth target remains the weekly CZ 1.3381 tp 1.3333. Until this zone is reached, any decline to retracement levels should be viewed as an opportunity to buy the instrument.
Now the work is being carried out within the accumulation zone, which was formed in the last four days. Exit from this zone and test WCZ 1/2 1.3072 to 1.3048 will allow getting the most favorable prices for buying the instrument.
Growth from the current levels is also possible but it will not allow obtaining favorable prices for a new entry into a long position, since the risk to reward ratio will no longer be profitable. In this case, it is more convenient to wait for the update of the monthly maximum and make a decision on the deal based on the reaction to this level. The likelihood of a supply appearing after updating the monthly extreme will increase significantly.
