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17.01.202008:11 Forex Analysis & Reviews: Control zones of EURUSD on 01/17/2020

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.

The opening of today's European trading may occur below the close of yesterday's session. This will indicate a high probability of continued downward movement. Keeping a sale open yesterday is the main trading plan. Repeated sales are possible after testing yesterday's low of the European session.

Exchange Rates 17.01.2020 analysis

When working in a downward direction, it is necessary to take into account that the last decline was impulsive, which will make it possible to maintain a short position in the medium term.

An alternative growth model has a probability of realization below 30%, which makes it auxiliary. Purchases from current marks are not profitable. Cancellation of the downward model will occur if the closing of today's trading occurs above the WCZ 1/2. This will make it possible to consider purchasing the instrument at the beginning of next week.

Exchange Rates 17.01.2020 analysis

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 zone formed by important marks of the futures market, which changes several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

Samanta Kruder
Analytical expert of InstaForex
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