The EUR/USD pair's upward movement is an impulse. The upward target remains the Weekly Control Zone of 1.1717-1.1700. It is necessary to fix purchases when testing this zone.
Trading in an upward direction remains a priority. Today, the main plan is to retain purchases. Based on our plan, favorable prices were obtained during last week's second half, that is, when testing the WCZ 1/4 1.1625-1.1621. When retesting the high of the previous week, transferring the position to breakeven is necessary.
A three-day flat can be an excellent support in the future for the re-purchase the euro. It is not profitable to consider the option of selling, since this requires the formation of a "absorption" pattern of the daily level.
It is necessary to consider corrective patterns when trading upward for repeated purchases when exiting the local flat of the last three days.
The material has been provided by InstaForex Company - www.instaforex.com