empty
 
 
16.10.2019 05:54 AM
Control zones EURUSD 10/16/19

While the pair is in the flat, the main resistance and support levels are weekly extremes. To continue the upward movement, it is necessary to close today's trading above the weekly CZ 1.1055-1.1039. This will determine the following targets. The medium-term growth target will be the monthly control zone of October.

This image is no longer relevant

Work in the upward direction remains a priority, since there has been no violation of the structure. The probability of a strong fall and the abolition of growth is 30%.

An alternative model of working in the flat will be developed if the pair starts to decline again today and returns to the WCZ 1/2 1.0983-1.0975. This will allow you to get favorable prices to buy after the formation of the false breakout pattern of yesterday's low. The formation of this model can take around one to three days.

This image is no longer relevant

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.

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback