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The pair tested the WCZ 1/2 108.48-108.38 last Thursday. Consolidation below the zone did not occur, therefore, the upward medium-term impulse remains a priority. The first growth target is the November high. Its achievement will make it possible to close part of the purchases and transfer the rest to breakeven.
Closing Friday trades made it possible to form an absorption pattern of the daily level, which confirms the bullish momentum.
Re-absorption of Friday purchases will be required to implement an alternative option. The probability of this is below 30%, which does not make it possible to consider sales. The main goal of the bullish impulse is the weekly control zone 110.15-109.94, which gives a favorable risk-to-profit ratio for any purchase made from current levels and below. Therefore, it is necessary to consider the possibility of adding to a long position.
Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.
Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.
Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.
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