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19.08.201913:44 Forex Analysis & Reviews: Control zones for EUR/USD pair on 08/19/19

Working in a downward direction is a priority, which indicates the need to find favorable prices for sale. The 1/4 WCZ of 1.1110-1.1106 will be the first resistance. Testing of this zone can be considered for the formation of a "false breakdown" pattern.

Exchange Rates 19.08.2019 analysis

The best prices for sale are within the limits of 1/2 WCZ of 1.1154-1.1146. The movement to this zone fits into the framework of the average daily course, so this option can be considered today.

A more difficult option would be the formation of a local accumulation zone with the closure of today's trading above the level of 1.1110. This will allow you to search for sales at better prices.

Exchange Rates 19.08.2019 analysis

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 area formed by marks from the important futures market, which changes several times a year.

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

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Samanta Kruder,
Analytical expert of InstaSpot
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