Yesterday's sales from 1/2 WCZ of 1.3291-1.3283 must be broken even since the absorption of the latest growth will lead to the cancellation of the downward movement. Holding a short position is necessary until the weekly control zone of 1.3168-1.3151. The test of this zone will allow to close most of the sales and leave the rest in case of continued medium-term fall of the pair.
A local accumulation zone is formed in the past three days, where extrema are constantly tested. This fact allows you to work from the boundaries of this range in the formation of the pattern of "false breakdown".
An alternative growth model will become relevant in case of absorption of more than 50% of yesterday's fall. This will allow talking about the repeated test of 1/2 WCZ, where the fate of the downward impulse will again be decided. Closing today's trading above 1.3291 will completely cancel the downward option for trading.
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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