The EUR/USD pair continues to form an upward pattern. Here, the Weekly Control Zone 1.1379-1.1362 remains the upward target. Any downward movement is a correction.
Yesterday, favorable prices to buy the instrument were received. The defining support remains the WCZ 1/2 1.1243-1.1235. If the decline continues, the most favorable prices for purchasing this currency pair will be obtained within this zone. There is an 80% probability of updating the weekly high, so long positions should be a priority for the next two days.
It is worth noting that the weekly control zone coincides with a significant November extreme, so it is necessary to record most of the purchases during its test. Testing this zone will also increase the probability of resuming the decline, so a sell pattern within it will be a profitable opportunity to open a sale.The material has been provided by InstaForex Company - www.instaforex.com