After yesterday's movement, an accumulation zone formed on the pair and going beyond it will indicate a further priority. Closing today's trading below the level of 0.6749 will enable to sell the instrument. The first goal of sales will be the minimum of August and this model has a 50% probability. Therefore, this should be considered as a daily plan.
It is important to note that those who keep sales from the upper weekly control zone should close the part and transfer the rest to breakeven. In the case of the formation of a pattern of "false breakdown" for the purchase, you should completely exit the short position.
The growth model is not yet complete, as the pair is trading above 1/2 WCZ. If the pattern of "false breakdown" of yesterday's low is formed today, this will allow you to enter the purchase. The target of growth will be the maximum of the last week, which is located within the weekly control zone of 0.6826-0.6813.
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.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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