Stay 
Trading Conditions
Products
Tools
Friday's upward movement, it is not yet a pulse, although it looks like it. The defining control zone of the NKZ 1/2 1.1335-1.1326 still acts as resistance. This is in favor of continuing the downward movement and updating the monthly low. The most favorable prices for selling the instrument are within the specified zone. It is important to note the emergence of demand at the previous week's low. This suggests the formation of a local zone of accumulation, where both supply and demand are clearly expressed.
Even if the downward movement will no longer be of an impulsive nature, work from the upper bound of the flat will remain the most attractive and profitable in terms of the risk-to-profit ratio. It is necessary to use such favorable prices for selling when forming a pattern.
An alternative model will be developed if the pair can break through and consolidate above the level of 1.1335 in one of the closest US sessions. Today is a holiday in the United States, so it makes no sense to focus on the day's closing of trading. Tomorrow's movement will be decisive for the downward mid-term impulse. Selling in today's European session in the event of a false breakdown of the control zone will be the best trading solution.
Day short - daily control zone. The zone formed by important data from the futures market, which change several times a year.
Weekly KZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly KZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.
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.
