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The WCZ 1/2 test 0.6599-0.6592 led to a proposal. This opens up opportunities for selling the tool. The first goal of the fall will be yesterday's low. Partial consolidation and transferring the remaining part to breakeven is the optimal strategy. The downward trend is a strong structure, so it will require a major seller to break it.
The strong demand that could be observed after the test of weekly CZ 0.6542-0.6528 indicates the formation of a market maker level, where it will be necessary to pay attention to the pair's reaction.
For the formation of a reversal model, this will require the closure of today's US session above the level of 0.6599. If this happens, next week's growth target will be the weekly CZ 0.6676-0.6662. As long as the pair is trading below this level, the upward model remains auxiliary.
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.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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