empty
 
 
12.03.2019 08:42 AM
Control zones EURUSD 03/12/19

Today, the pair is testing the NKZ 1/2 1.1277-1.1267. While this zone acts as resistance, it is necessary to consider the pattern for selling as the main one. The first goal of the decline, in the event of an offer, will be the low of March. This will allow you to take 100 points of profit. This fact indicates the need to find a pattern with a stop of no more than 30 points within the control zone.

This image is no longer relevant

The appearance of the offer will be marked by the uptake in growth in the Asian session, which will provide the opportunity to enter a short position with the lowest stop.

An alternative growth model will be developed if the pair is able to consolidate above the NKZ 1/2 in today's US session. This will open the way for growth to a weekly KZ of 1.1378-1.1360. Work in the upward direction will be relevant only by tomorrow, so you should not rush into buying. Friday's fall remains decisive, as it is a strong impulse.

This image is no longer relevant

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

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

Monthly KZ - 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 $9000 more!
    In May we raffle $9000 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