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EUR/USD pair accumulation zone and options to leave the flat

Today, the EUR/USD pair continues to trade within the flat formed two days ago. Since the instrument is trading within the range, t is not necessary to consider options for entering a position.

To enter a trade, one should leave the flat. There is a 50% probability of consolidating above/below the borders of the flat, which indicates the need to refrain from transactions until the close of today's European trading session.


It should be noted that will be forced to follow which direction the price chooses. To confirm the truth of the flat breakdown, it is necessary to wait for the closing of the European or American session. The priority may become the main one for the following week. The target to rise is the 1.1913 level, while the target to decline is the weekly control zone of 1.1733-1.1716.

The material has been provided by InstaForex Company -