FX.co ★ Control zones EURUSD 10/07/19

A reversal of the upward pattern formed last Friday. This makes it possible for you to consider the purchase on Monday. The purpose of growth is the weekly control zone 1.1055-1.1039. On Friday, WCZ 1/4 1.0959-1.0955 was tested, which led to a retention of prices above the opening. This could be enough to continue growth.

Since the closing of the week occurred within the middle course, there are no obstacles to growth. The further pattern will depend on how the Asian Monday session closes.

An alternative model of a deeper correction will become relevant in case the closing of Monday's trade occurs below the level of 1.0955. This will allow you to buy the pair at better prices at WCZ 1/2 1.0919-1.0911. The target of growth will be the weekly control zone 1.1055-1.1039.

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

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

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