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The upward movement assumed the status of a medium-term impulse after the pair was fixed above the weekly short-term target of 1.2474-1.2453. The probability of updating the weekly maximum is now 70%.
Medium-term plan.
The upward movement yesterday speaks of the impulsive nature of the movement. At the beginning of this week, there was a consolidation above the weekly short-term fault of 1.2474-1.2453, which speaks in favor of continued growth. The first goal is the NCP 1/2 1.2585-1.2576, and the next target is located within the monthly short-term fault of February 1.2690-1.2647. Achieving this zone will allow us to fully close the long position and consider options for selling the instrument in terms of the formation of a correctional model.
The upward movement assumed the status of a medium-term impulse after the pair was fixed above the weekly short-term target of 1.2474-1.2453. The probability of updating the weekly maximum is now 70%.
Medium-term plan.
The upward movement yesterday speaks of the impulsive nature of the movement. At the beginning of this week, there was a consolidation above the weekly short-term fault of 1.2474-1.2453, which speaks in favor of continued growth. The first goal is the NCP 1/2 1.2585-1.2576, and the next target is located within the monthly short-term fault of February 1.2690-1.2647. Achieving this zone will allow us to fully close the long position and consider options for selling the instrument in terms of the formation of a correctional model.
The daily short-term fault is the daytime control zone. The zone formed by important data from the futures market, which change several times a year.
The weekly short-term fault is the weekly control zone. The zone formed by important futures market marks, which change several times a year.
The monthly short-term fault is the monthly control zone. The zone, which is a reflection of the average volatility over the past year.
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