Stay 
Trading Conditions
Products
Tools
On Friday, there was a pattern of absorption in the American session. This allows us to assume continuation of the upward movement in the short term. It should be noted that the pair is testing NCP 1/2 1.3243-1.3230, which will allow us to determine the next priority for the week.
On Friday, there was a test of a weekly short-term fault 1.3106-1.3081. This allowed a 100% implementation of the top-down priority model. Strong growth in the US session made it possible to observe the formation of a sessional takeover, which makes the upward movement today a priority. For this reason, sales from NCP 1/2 1.3243-1.3230 are possible only with the formation of a reversal model. While the pattern for sale is not formed, it is better to refrain from short trades and get out of those that are already open.
The pair is trading within the medium-term accumulation zone, which makes transactions from the middle of the range less profitable, but the risk-to-profit ratio still exceeds 1 to 3.
The first stage of the reversal pattern already occurred on Friday, when the US session's movement absorbed the daily decline. This suggests further growth. For confirmation, today's American session is required to hold above the NCP 1/2 1.3243-1.3230. This will give an opportunity to look for purchases, which with a probability of 70% will bring a profit at the maximum of the current month.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
