FX.co ★ Control zones EURUSD 10/10/19

Yesterday's movement allowed us to reach the upper limit of the accumulation zone again. Exit and consolidation above this zone has a 70% probability, so sales from current marks are not recommended. Purchases opened from WCZ 1/4 1.0959-1.0955 should be translated into breakeven. The main growth target is the weekly short-term target of 1.1055-1.1039. The achievement of this zone will allow you to capture the entire long position.

It is important to note that above the weekly control zone is the zone of the average weekly course. If the zone test happens this week, there is a high probability of a large offer.

An alternative model will be developed if today's close of trading occurs below the WCZ 1/4. This will open the way for the formation of a deeper correction. The main support will be WCZ 1/2 1.0919-1.0911. As long as the pair is trading above the specified zone, the upward movement will be considered an impulse.

Daily CZ – dailyy control zone. An area formed by important data from the futures market that changes several times a year.

Weekly CZ – weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.

Monthly CZ – monthly control zone. An area that reflects the average volatility over the past year.