FX.co ★ Control zones EURUSD 12/16/19

As long as the pair is trading above the WCZ 1/2 1.128-1.121, the upward movement will remain the medium-term momentum. The first growth target is the December maximum. The main medium-term target in case of updating the monthly maximum will be the zone of the average monthly move.

The upward movement is momentum, so the probability of updating the monthly maximum is 70%. This should be used when maintaining a long position.

An alternative model will be developed if the closing of today's trading occurs below the WCZ 1/2. This will open the way for a decline to the zone of the average course of the week. The probability of implementing a reversal model is 30%, which makes it auxiliary.

Daily CZ - daily control zone. A zone formed by important data from the futures market that changes several times a year.

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

Monthly CZ - monthly control zone. A zone that reflects the average volatility over the past year.