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Working within the medium-term flat implies the search for favorable prices for the purchase or sale from the boundaries of the accumulation zone. It is important to note that the main support is 1/2 WCZ of 1.1170-1.1162. While the pair is trading above the specified zone, the probability of updating the monthly maximum is 70%.
Over the entire flat range, limit orders are being generated as new resources appear every day for growth and decrease at the same levels.
To cancel the upward impulse, it will be necessary to close today's American session below the level of 1.1162. If this happens, the first goal of the decline will be the zone of the average weekly move located above the level of 1.1103.
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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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