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The upward momentum allows you to keep part of the purchases open in the current and last weeks. The target zone of the 1/2 WCZ 107.66-107.57 is within the daily average move, which indicates the need for the next fixation of purchases in the near future. It is important to note that just above the specified zone is the level of 107.72, which has been targeted since the end of July with the probability of testing by 90%.
Any decrease in the pair within the average daily course will be corrective, which will allow obtaining favorable prices for the purchase of the instrument. Opening yesterday's trading will be the determining level. If the pair trades above it, then the probability of updating local highs will remain above 70%.
In order for the alternative decline model to develop, it will require the absorption of today's and yesterday's growth and the closure of trades below. In this case, market sales will be able to block the volume of purchases, which will lead to the formation of a local accumulation zone. This model should be used as an auxiliary one since the probability of its implementation is below 30%.
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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