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The pair grew last Friday, which was triggered by achieving the average weekly move zone. The WCZ 1/2 0.6837-0.6831 will act on the growth path. If the zone test leads to a sharp reaction and the formation of the absorption pattern, then it will be necessary to re-enter the sales.
The downward movement remains a medium-term impulse, so keeping the price below the WCZ 1/2 will make it possible to keep the sale to the low of the previous week, where partial consolidation will be required.
An alternative model will be developed if the closing of trading on Monday occurs above the WCZ 1/2. This will indicate a change in priority. Purchasing will come to the fore, and the new goal will be the high of last week.
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.
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