End of the week may be decisive for the formation of medium-term reversal pattern. Yesterday's proposals manifestation that occurred after testing at the border of the February monthly fault 1.3950. This level was determined early in the week as the first important resistance. At this stage it is important structure confirm reversal. While there are two basic levels at which we can expect the beginning of compensatory upward movement, which will decide the outcome of the implementation of the reversal pattern. The first level of support at around 1.3823, the second is the level of balance in March. Depending on how the mark will reverse motion, and will be determined best price to buy the instrument.
The earlier a demand, the higher you can get best price to buy the tool in case of confirmation of the reversal pattern. From the perspective of intraday fluctuations course overcame fault 1.3906-1.3896 day. In the case of growth and re-testing of this zone are the best prices on the sale will be located within this zone. If the exchange rate will continue to decline to the level of 1.3823, you will need to build a new day faults formed from a local minimum, which is not a few points below the current zone. Worth noting that below the monthly balance is weekly fault 1.3786-1.3766, which is now the main target area. While this support zone remains premature to talk about the medium-term reversal. however, look for short trades from daily faults, definitely worth it. The reason is the impending expiration of futures contracts.
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