Today's trading plan should take into account the multiple tests of 1/2 WCZ at 0.6940-0.6933. As long as the pair is trading below the specified zone, the probability of the resumption of the downward movement is high. The pattern for sale will be a false breakdown of Monday's high. If this happens, then the goal of the fall will be at least last week.
It is important to understand that it's better to refrain from selling a large offer from sales since the closure of today's American session will indicate a trend change.
An alternative model will be developed if today's trading closes above 0.6940. In this case, the purchases will come to the fore already at tomorrow's Asian session. The growth potential will be 74 points, which will give an opportunity to enter purchases with a stop not exceeding 20 points. Working in the upstream direction can become the basis in the second half of the week.
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 material has been provided by InstaForex Company - www.instaforex.com