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27.03.202007:51 Forex Analysis & Reviews: Control zones for EURUSD on 03/27/2020

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The upward movement this week has become the main one, so holding purchases is the best strategy. It is important to note that today the pair reached the important target level of 1.1067 and returned to the zone of the average course of last week. This can slow down growth, therefore, partial consolidation of a long position is required.

The purpose of the corrective downward movement will be the weekly CZ 1.0915-1.0898, the test of which will determine further plans for early April.

The option to continue growth will develop if the closing of today's trading occurs above the opening. This will enable you to use any reduction to find favorable prices for the purchase. The target of growth will be the level of 1.1245.

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.

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