empty
 
 
29.05.2019 07:01 AM
Control zones EURUSD 05/29/19

Work in the downward direction is becoming the main today in the medium-term zone of accumulation. The purpose of the reduction is the Weekly Control Zone 1/2 1.1136-1.1128. It is important to understand that the fixation of part of the sales should occur at the time of the test of the specified zone. The rest should be transferred to breakeven in the event of demand and the resumption of growth.

This image is no longer relevant

It is necessary to take into account that the last upward movement will remain an impulse as long as the pair is trading above the level of 1.1128.

An alternative growth model will be developed if the fall in yesterday's US session is absorbed today. Thus, this will open the way for growth, and the first goal of which will be to update the weekly maximum. Do not forget that the work within the framework of the flat involves the search for inputs at the boundaries of the range and the fixation of profit at the same levels.

This image is no longer relevant

Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.

Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback