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The current growth of the pair will be corrective until the main resistance zone of the WCZ 1/2 1.0112-1.0103 is broken. The current range of the daily average movement coincides with the WCZ 1/4 1.0059-1.0055, which makes them an important resistance. The test of the specified zone will allow to get favorable prices for the sale of the instrument. The entry can be a limit order or you can wait for a pattern to sell.
Work within the downward impulse implies the formation of a local accumulation zone. False breakdown of this zone will indicate the future direction of trade and will allow to get favorable prices.
The alternative growth model will continue if the current movement exceeds the average daily movement and the close of the trading occurs above the WCZ 1/4. In this case, the continuation of growth will be the basis for trading until the WCZ 1/2 is tested, which was discussed above.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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