Control zones EURUSD 05/29/19

Work in the downward direction is becoming the main today in the medium-term zone of accumulation. The purpose of the reduction is the Weekly Control Zone 1/2 1.1136-1.1128. It is important to understand that the fixation of part of the sales should occur at the time of the test of the specified zone. The rest should be transferred to breakeven in the event of demand and the resumption of growth.

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It is necessary to take into account that the last upward movement will remain an impulse as long as the pair is trading above the level of 1.1128.

An alternative growth model will be developed if the fall in yesterday's US session is absorbed today. Thus, this will open the way for growth, and the first goal of which will be to update the weekly maximum. Do not forget that the work within the framework of the flat involves the search for inputs at the boundaries of the range and the fixation of profit at the same levels.

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Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.

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

Monthly CZ - 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 - www.instaforex.com