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Yesterday, there was a continuation of growth after fixing above the weekly maximum. The main goal of the upward movement is the weekly control zone 1.1014-1.0997. Reaching this zone will allow you to close most of the purchases and consider the option of sales, if a reversal pattern is formed at the daily level.
Work in the upward direction continues to be corrective for the last decline of the pair, however, holding part of the purchases is necessary, since the growth potential has not been used up and a violation of the downward structure can lead to a long formation of the accumulation zone of the upper period.
An alternative fall model will be developed if today's trading closes near yesterday's lows. This will allow us to talk about the formation of the pattern of "absorption" at the daily level. The probability of implementing this model is 25%, which makes selling from current marks not profitable at a distance.
Daily CZ- daily control zone. The zone formed by important data from the futures market that changes several times a year.
Weekly CZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly CZ - monthly control zone. The zone that reflects the average volatility over the past year.
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