FX.co ★ EUR/USD pair is ready for a reversal

It is already known that the pair has fallen by 0.7% for the current week. Today, it is traded within the defining support zone of the Weekly Control Zone 1/2 1.1821-1.1813. The opening of the European trading session will indicate a new trading direction for 5 days.

Trading in the downward direction will become the main one if today's European session is trading below the level of 1.1813. This will allow us to consider the sales of EUR/USD pair in the second half of the week.

The three-day decline of the pair indicates the possible end of the downward cycle, so the option of resuming growth should also be considered at today's European session.

In order to buy an instrument, it is necessary to close today's trading above yesterday's opening level. Here, an absorption pattern of the daily level will be formed, which will allow us to talk about growth with an 80% probability.