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The closure of today's US session may be decisive for choosing a priority at the end of the month. If the repeated test of weekly CZ of 120.52-120.24 leads to the appearance of demand, and the closing happens above yesterday's high, the purchases will come to the fore.
This model will be corrective relative to the fall of the current month but an increase of 150 points gives the necessary risk-to-profit ratio for opening a long position.
The option of continuing the downward movement will be developed if the closure of today's American session happens below the level of 120.24. This will open the way for sales with any corrective growth. It is important to understand that the downward movement is a medium-term impulse, therefore, it does not make sense to go into purchases without the formation of the "absorption" pattern.
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 area formed by marks from the important futures market, which changes several times a year.
Monthly CZ - monthly control zone. The area is a reflection of the average volatility over the past year.
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