Control zones of EURUSD 03/04/20

Today, the pair is trading outside the average weekly move, and last week's trading closed far beyond this range. This indicates an increase in the likelihood of a downward correctional pattern. The probability of the formation of a downward movement is above 75%, which makes it possible to sell the instrument during the formation of any pattern.

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The resumption of growth can be used to enter sales after the formation of a false breakdown of yesterday's maximum.

If the closing of today's trading occurs below the WCZ 1/2 1.1142-1.1135, a further decline will become a priority until the WCZ 1.1070-1.1056. Work in the downward direction will be the main until the end of this week. Sales have already come to the fore, and purchases from WCZ 1/2 are not profitable, as the pair is trading outside the average weekly move.

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

Weekly CZ - weekly control zone. The zone formed by the important marks of the futures market, which changes 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