At the end of last week, there was a strong growth of the pair, which led to the implementation of the priority upward model. Any decrease at the beginning of the current week is corrective and allows you to search for favorable prices for the purchase of an instrument.

Today, the pair is trading within the NKZ 1/2 0.795-0.7189, which is an important support. As long as the pair remains above the zone, the upward movement continues to be a medium-term impulse. The main goal of growth is the maximum of last week, the achievement of which will allow to close part of the purchases. The rest will need to be transferred to breakeven. Favorable prices for the purchase are within the NKZ 1/2. Stop must be made at least Friday. In this case, the ratio of risk to return will be greater than 1: 3.

It is important to note that the growth of last Thursday exceeded the daily average range by two times, which may require the formation of a deeper correctional model. This suggests the need to consider a possible reduction to a weekly short circuit.

For the formation of an alternative model, it will be necessary to close today's American session below the NKZ 1/2 0.7195-0.7189. If this happens, the decline will continue, and its goal will be the weekly short-term fault of 0.7133-0.7120, where the fate of the medium-term upward impulse will be determined. This model has a high probability, which indicates the need to search for purchases after the test weekly short circuit. Short deals with the formation of a reversal pattern will be local and should not be aimed at taking a medium-term profit.

The daily short-term fault is the daily control zone. The area formed by important data from the futures market, which change several times a year.

The weekly short-term fault is the weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.

The monthly short-term fault is monthly control zone. The zone, which is a reflection of the average volatility over the past year.