Control zones EURUSD 01/28/19

Friday's impulse led to the breakdown of the NKZ 1/2 1.1391-1.1382, formed from the low of last week. The closure of the US session occurred above the zone, which indicates a 70% probability of movement to the next target zone. The goal is a weekly CP 1.1492-1.1474. Within this zone, it is advantageous to fully or partially fix a long position. Purchases from the current grades are not profitable, so it is necessary to wait for a corrective decline to one of the support zones to get suitable prices.


On Friday, the pair went beyond the daily average, which may serve as a reason to form a return on correction. This should be used to search for purchase prices. Selling from the current levels is not profitable, since the potential for a fall, in most cases, will be limited to the nearest correctional levels. Long positions can be partially fixed at the weekly short-circuit and leave a part in case of further growth of the pair to the January 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.

The material has been provided by InstaForex Company -