25.10.201907:00 Forex Analysis & Reviews: Control zones for EURUSD 10/25/19

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Yesterday, the pair reached the defining support zone for WCZ 1/2 1.1100-1.1092. The test of this zone will be decisive for further trading. Since the zone is within the monthly control zone, purchases from its limits are not profitable and it is better to refuse them. The probability of closing trades within the monthly average move is 70%.

The close of trading this week below the level of 1.1092 will provide an opportunity for repeated sales of the pair on Monday.

An alternative model will be developed if the closure of today's trading occurs above the WCZ 1/2. This will provide an opportunity to sell in the future at a better price. The probability of renewal of the upward movement is below 50%, which does not allow using the test zone to enter the purchase.

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.

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