For Traders

Analytical Reviews

Trading plan

02.12.201900:58 Forex Analysis & Reviews: Control zones EURUSD 12/2/2019

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

A sharp increase in demand at the US session on Friday made it possible for us to test the first resistance zone of the WCZ 1/4 1.1020-1.1017. If consolidation above this zone does not occur, then the fall will resume on Monday. The first goal of the decline will be the low of the previous week.

Work in the downward direction remains a priority. The main purpose of the fall is the weekly control zone 1.0953-1.0939, the probability of reaching which is at 75%.

An alternative model will be developed if the pair consolidates above the WCZ 1/4 at the US session on Monday. This will make it possible for you to consider growth to WCZ 1/2 1.1060-1.1053. The test of this zone will be decisive for the entire downward movement of November.

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.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.