Today's trading plan is to find favorable prices for buying the instrument. Pulling down the pair will allow you to enter a long position. The main goal of growth is the weekly CZ 1.0057-1.0039. The probability of the test of this zone is at 70%, so the risk-reward ratio must be tied to these levels. The first support will be the WCZ 1/4 0.9952-0.9946.
Work in the direction of growth will make it possible to get a profit for 70% of cases, so search for a "false breakdown" pattern or any other necessity to be made towards weakening the Swiss franc.
An alternative model for the formation of a medium-term accumulation zone will be developed if the closure of today's US session happens below 0.9946. This will lead to a further decline within the average daily rate and to obtain more favorable prices with the WCZ 1/2 test 0.9906-09897.
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