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Strong impulses in the previous days indicate the presence of interest of large players in the continuation of the ascending medium-term model. Favorable purchase prices must be considered after reducing the pair to 1/4 WCZ of 0.9922-0.9916. The zone is located on the border of the average daily move, which makes it convenient for setting a limit buy order.
In the past two days, the pair was trading within the flat. So, the lower limit of this range will be decisive for the entire upward impulse.
An alternative model will be developed if the closing of today's trading occurs below the level of 0.9916. This will open the way for further decline. The first goal of the fall will be the minimum of last week and further outcome of the upward impulse will be determined at 1/2 WCZ of 0.9861-0.9849. 3
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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