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The upward movement is an impulse, so keeping a part of the purchases open this week is the best strategy. Testing the weekly short of 1.3326-1.3308 led to a halt in growth. Therefore, there is a likelihood of the formation of a reversal pattern. In the case of yesterday's "false breakdown" formation, a short position can be opened with the target of 1/2 WCZ of 1.3221-1.3212.
Working between the two zones may become the main in the second half of the month. Sales from the upper border and purchases from 1/2 WCZ should be considered when patterns appear on the zone tests.
An alternative model will be developed if today's trading closes above the level of 1.3326. This will indicate a continuation of the upward impulse. The next growth target will be the upper zone of the average weekly move, where full fixation of the long position will be required.
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 area formed by marks from the important futures market, which changes several times a year.
Monthly CZ - monthly control zone. The area is a reflection of the average volatility over the past year.
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