FX.co ★ Control zones for EUR/USD pair on 06/27/19

The main plan for today is to keep sales open at the beginning of the week after the "false breakdown" pattern has been formed. The first goal is the 1/2 WCZ of 1.1332-1.1324. As long as the pair is trading above the specified zone, the upward movement remains a medium-term impulse.

It is important to understand that there are several days left until the end of this month, which makes purchases in the direction of the monthly control zone not yet profitable, but it can give a good profit in the medium term.

An alternative movement would be a decline to the upper limit of last week's average move of 1.1305. The losing of trades occurred above this zone, which indicates the likelihood of a 90% return to it. This model needs to be considered, as the "false breakdown" of the 1/2 WCZ can occur during the implementation of this model.