The downward movement on the pair is a priority, as the pair reached the monthly close of September, which led to a sharp increase in supply. A further reduction aims WCZ 1/2 107.49-107.39, the test of which will allow you to close part of the position. Further movement will depend on the reaction to the specified zone.
Keeping sales open in yesterday's Asian session is the main plan. Repeated sales are possible from the current levels.
The alternative growth model has a low probability since the formation of a reversal model occurred. In the case of repeated growth by a monthly short-term, a search for more favorable selling prices above a weekly maximum will be required.
Daily CZ - daily control zone. An area formed by important data from the futures market that changes several times a year.
Weekly CZ - weekly 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.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.