FX.co ★ Trading forecast EUR/GBP 10/06/2017

Today, the first phase of the upward movement took place. The pair tested a weekly short-term fault of 0.8956-0.8937, which indicates the need for partial or complete fixation of purchases.

Medium-term plan.

A weekly short-term test of 0.8956-0.8937 gives an opportunity to fix a long position. If a proposal appears on the specified zone, it is necessary to track the reaction of the price to the younger control zone, since this will determine the further priority. If today's US session is fixed above 0.8956, by the moment of its closing, a signal will be received for the formation of a mid-term reversal pattern, the purpose of which in the future will be the monthly short-term fault of October.

To resume the downward movement, it will be necessary to keep the price within a week's short-circuit and the appearance of a large offer, which will allow one of the younger control zones to break through.

Intraday plan.

The upward movement, which lasts for the seventh day, is an impulse, which indicates the need to use the depreciation to obtain more favorable prices for the purchase. The weekly short-term fault of 0.8956-0.8937 increases the probability of the occurrence of a proposal and the formation of a correctional model. When the local maximum of the week is formed, construction of control zones will be required, which will act as defining supports.

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.