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Today's movement will depend on whether the pair is able to stay above the NKZ 1/2 1.0018-1.0008. If this happens, growth will resume, and its goal will again be the weekly KZ of 1.0155-1.0135. As long as the pair is trading above 1.0008, the upward movement continues to be an impulse, which requires finding a pattern to buy from the current marks.
Tonight, there will be an expiration of the futures contract, which may increase the volatility in the market. The transition to the June contract is already taking place throughout the current month, so it is not worth waiting for an unexpected change in direction, however, a change in phase is quite possible.
For the formation of a reversal pattern and the continuation of the fall in the medium term, it will be necessary to close today's US session below 1.0008. This will lead to new targets for a decline. Sales will come to the fore, and purchases will have to be abandoned.
Daily KZ - 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.
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