Yesterday, the pair reached the weekly KZ of 1.4260-1.4235, which made it possible to fix part of the purchases. The rest can be left without further targets in case the today's US session is closed above the level of 1.4260.
Medium-term plan.
The upward movement remains in a medium-term impulse supported by the weekly short-term of 1.4089-1.4064. The weekly short-term test 1.4260-1.4235 makes it possible to fix a part of the profit. If today's US session is closed above this zone, the upward movement will continue. This will allow you to search for profitable purchase prices next week, as well as, hold part of the long position in the current week. It is important to understand that the upward movement is a strong impetus and it will take a lot of time in the formation of broad flat in a medium-term. Thus, there is no need to hurry with the sales.
An alternative model will develop if the pair can absorb yesterday's growth. This will be the first signal for the formation of a medium-term accumulation zone, where weekly extremums will come to the fore.
Intraday plan.
So far this week, the current maximum suggests a high probability of its renewal. The defining support is the NKZ 1/2 at 1.4149-1.4137. While the pair is trading above this zone, the upward movement will continue. If today's maximum is updated, it is necessary to transfer the NKZ 1/2 following it because new customers will appear on the tops. To disrupt the upward structure, one of the American sessions below 1.4137 will be required to close.
The daytime CP is the daytime control zone. The zone formed by important data from the futures market that change several times a year.
The weekly CP is the weekly control zone. The zone formed by marks from important futures market which change 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.