On Friday, there was a violation of the downward momentum, as the closure of the US session occurred above the NKZ 1/2. Further growth rate becomes a priority movement, which makes it possible to consider any decline below the level of the close of trading last week for a squeak of favorable prices to buy. The first support will be the NKZ 1/4 0.7117-0.7114. A test of this zone provides an opportunity to open a purchase, the purpose of which will be the weekly CP 0.6\7191-0.7178. The upward movement is an impulse at the beginning of the current week, therefore it is better to refuse short positions.
In the medium term, the upward movement may continue up to the February high, therefore, the risk/reward calculation must be conducted on the assumption that part of the position needs to be transferred to the medium term after the weekly short test.
An alternative decline model will develop in case the pair absorbs Friday's growth, and that today's close will occur below the opening of the Thursday close. This will make it possible to begin work within the medium-term accumulation zone, where the extremes of the previous week will come to the fore. Working in the flat will provide an opportunity to look for sales from weekly short circuits and purchases from correction zones built from the previous high.
Day short - daily control zone. The zone formed by important data from the futures market, which change several times a year.
Weekly KZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly KZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.