Yesterday’s growth led to the breakdown of the WCZ 1/4 0.9916-0.9911. This could be the starting point for further gains to last week’s high. The reduction should be considered as an opportunity to buy the instrument at more favorable prices. It is important to understand that the growth occurs in the flat phase, which makes it mandatory to commit purchases when reaching the WCZ 1/2 0.9970-0.9958.
It is important to understand that the work in the flat is more focused on weekly extremes and important levels of active trading sessions.
The alternative model has a high probability since the downward movement remains momentum. The main target of the bearish movement is the weekly control zone of 0.9784-0.9761. The probability of testing this zone remains above 70%. It is located outside the average weekly move, making it a target for next week.
The material has been provided by InstaForex Company – www.instaforex.com
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