FX.co ★ Control zones for EURUSD on 04/17/20

Today's plan is to find a pattern to sell the instrument. Yesterday's closing occurred below WCZ 1/2 1.0899-1.0890, which indicates a change in priority to a downward one. The first goal of the fall will be the weekly control zone of 1.0808-1.0790. The best prices for selling are within WCZ 1/2 1.0917-1.0908. The test of this zone will be decisive for the downward model.

It is important to understand that the probability of updating the weekly low is at 75%, which makes working towards a weaker euro more profitable.

An alternative model will develop if today's trading closes above the WCZ 1/2 1.0917-1.0908. This will cancel the downward model and allow you to enter the purchase on Monday. The first growth goal will be the high of the current week.

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 zone formed by important marks of the futures market, which changes several times a year.

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