The upward momentum for the medium-term continue continues to remain in the foreground. Violations of the structure do not occur even in the junior time frame, which indicates new opportunities to find profitable purchase prices.
Medium-term plan.
The growth in the current week is aimed to reach the weekly short-term test of 1.2614-1.2596, where a partial or a full fixation in the long position is required. The probability of forming a deep correctional model increase. In case of a partial fixation, the remaining part of the position can be left behind in case of the test of the August maximum. In the formation of a correctional model, a large offer will appear in testing the zone above, which will lead to the breakdown of one of the zones of the minor period. Such a strong impulse formation indicates a high probability of renewing local highs. This makes purchases with the reduction of the rate the most profitable at a distance.
It is important to note the fact that the pair is traded outside the monthly KZ of September, which increases the probability of a return to its borders. This must be taken into account when constructing a business-daily trading plan.
Intraday plan.
The course for today suggests the need for a partial or a complete fixation of purchases made two days ago in the case of a weekly short-term test between the range of 1.2614 - 1.2596. The test zone increases the likelihood of a large offer, which will allow the pair to fall again towards one of the younger control zones to obtain more favorable purchase prices. To continue the growth at the beginning of next week, it is necessary to close the American trading session for today above the level of 1.2614. This will allow for fixations on the next zone of the NCZ 1/2 1.2710-1.2702.
The daytime CP is the daytime control zone. The zone formed by important data from the futures market which changes several times a year.
The weekly CP is the weekly control zone. The zone formed by important marks in the futures market which changes several times a year.
The monthly CP is the monthly control zone. The zone is a reflection of the average volatility over the past year.