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Any pair's decline will be corrective regarding Friday's growth that will allow you to search for purchase on areas of the support. The first support will be WCZ 1/4 1.1113-1.1109. The test of this zone with the formation of the "absorption" pattern on the lower timeframe will allow entering the position. The main growth target is the weekly CZ of 1.1227-1.1211.
Work in the upward direction makes it possible to transfer positions to the average period, as the average course of the week is slightly above the monthly maximum.
An alternative model for the formation of the flat will be developed if the closure of the US session occurs below the WCZ 1/4. This will allow you to look for more favorable purchase prices and consider sales in order to reduce to the monthly short-term August.
Daily CZ - daily control zone. An area formed by important data from the futures market that changes several times a year.
Weekly CZ - week control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly CZ - monthly control zone. An area that reflects the average volatility over the past year.
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