FX.co ★ Control zones for EUR/USD pair on 08/19/19

Working in a downward direction is a priority, which indicates the need to find favorable prices for sale. The 1/4 WCZ of 1.1110-1.1106 will be the first resistance. Testing of this zone can be considered for the formation of a "false breakdown" pattern.

The best prices for sale are within the limits of 1/2 WCZ of 1.1154-1.1146. The movement to this zone fits into the framework of the average daily course, so this option can be considered today.

A more difficult option would be the formation of a local accumulation zone with the closure of today's trading above the level of 1.1110. This will allow you to search for sales at better prices.

Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.

Weekly CZ - weekly control zone. The area formed by marks from the important futures market, which changes several times a year.

Monthly CZ - monthly control zone. The area is a reflection of the average volatility over the past year.