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Today, the pair is trading near the zone of the average weekly move. This indicates the need for partial consolidation of purchases, as the probability of a corrective fall increases. The most favorable prices for purchases are within the WCZ 1/2 0.6611-0.6604. Testing this zone will determine the upward momentum.
The weekly CZ 0.6712-0.6697 can be considered as the target of the upward movement, the test of which will make it possible to close most of the purchases.
If the weekly high is updated today, which will lead to a sharp increase in supply, then you need to consider corrective sales. The target for the decline is the WCZ 1/2 formed from the weekly high.
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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