Yesterday, the pair continued to grow in the direction of the priority medium-term model. Today's goal is the NCP 1/2 1.3057-1.3045, the test of which will close part of the long position.
Yesterday, the strong growth in the US session will allow to continue the upward movement and form a new phase of momentum. The purchases made on August 23-24 from the NCP 1/2 1.2815-1.2803, can be partially closed upon reaching the NCP zone 1/2 1/230-30-1.3045. The rest should be transferred to the breakeven. The next growth target will be a monthly short-term fault and a weekly short-term fault of 1.3189-1.3165, which intersect and create the determining resistance.
Today, it will be possible to get favorable prices for the purchase in case the US session closes below the level of 1.3045, as this will increase the probability of the offer and corrective reduction of the pair.
An alternative fall model has a low probability, as yesterday's growth is a strong impetus, and its absorption will require great efforts on the part of sellers. Today, it is more profitable to consider any reduction in obtaining favorable prices for purchases in the test of one of the control zones of the younger period. The first support will be made by NCP 1/4 1.2972-1.2966, the test of which will allow to open purchases with a stop no more than 20 points.
The daily short-term fault is the daytime control zone. The zone formed by important data from the futures market, which change several times a year.
The weekly short-term fault is the weekly control zone. The zone formed by important futures market marks, which change several times a year.
The monthly short-term fault is the monthly control zone. The zone, which is a reflection of the average volatility over the past year.