The EUR/USD pair continues its upward movement. The closing of trading last week occurred near the August high. So, the probability of continuing the upward impulse has increased.
Yesterday was a public holiday in the United States. This does not allow us to look at the closing level of trading as a determining one. Today will show the direction of trading for the current week. To continue the growth, it will be necessary that the closing level of trading is higher than yesterday's opening. This will allow us to keep the purchases opened yesterday. The test of Weekly Control Zone 1/4 1.1865-1.1861 made it possible to buy the instrument. The first target is the September high.
The upward movement will remain an impulse until the daily level absorption model is formed. Any decline can be considered as an opportunity to buy the EUR/USD pair.
But if one is trying to look for sales in a growing market, then be prepared for multiple maximum updates and a significant increase in the risk of losses.
The material has been provided by InstaForex Company - www.instaforex.com