03.07.202004:21 Forex Analysis & Reviews: Control zones for USDCHF on 07/03/20

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The pair is trading within the medium-term accumulation zone for the third week. This gives you the opportunity to use a week of extremes as the levels for profit taking. You can search for entry points to the position on these marks.

Despite the fact that the probability of a June low resistance is higher than 70%, you should not refuse to buy if a pattern forms after the test of the previous week's low.

The alternative option of continuing to fall has a higher probability, so it should be considered first, however, sales from current levels are no longer profitable. To enter a short position, you will need to get more favorable prices and increase to the current week's high.

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.

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