Control zones EURUSD 03/22/19

Yesterday's fall stopped at the NKZ 1/2 1.1356-1.1346. This zone is decisive. As long as the pair is trading above it, the upward movement will remain a momentum. The close of yesterday's trading took place higher, so purchases that were opened in this zone remain relevant. The first target of growth is the weekly high, a test which will allow you to convert the deal to breakeven and lock in most of it

GSI7C9-cmkkaUUKzIhY2fRebbWfFzW6TqPQdPD8P

For those who use patterns for making decisions, it will be possible to get more favorable prices for buying if yesterday's low is updated and a pattern of false breakdown is formed.

An alternative model will be developed if the current week closes below 1.1346. This will open the way for a fall to the weekly KZ of 1.1264-1.1246. Selling will come forward next week. The probability of a descending model does not exceed 30% so far, which makes it a support.

oBBOUYkebzSdmyi6od7Qc3cjoF2KJH40ncpCs9YO

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

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

Monthly KZ - 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

Comments