All last week, continued development of priority descending pattern . This became possible after having been tested monthly balance level 1.3725 . Despite attempts to pressure from buyers at levels 1.3600 and 1.3630 , the rate continued to fall and closing below the previous week was January low . To date, the final month extremum at around 1.3478 . Such closing the U.S. session Friday implies the continuation of the downward trend this week. Target zone also remains all monthly monitoring zone 1.3400-1.3300 , the achievement of which will talk about the implementation of the whole 100% monthly structure.
Priority model at the beginning of the week.
When working on the priority important to understand that a critical level of education increases the probability of a counter- trend. This is enhanced by the fact that the current week is ekspiratsionnoy for the February option contract . According to statistics in this period often increased volatility , which leads to rapid implementation of both the main and auxiliary models. In this case it is necessary to say that the achievement of the target zones before expiry of the day are more likely to allow to speak about the growth of demand , and this in turn will give the opportunity to work more and additional growth pattern .
From the perspective of intraday fluctuations occurred on Friday week consolidation below 1.3561-1.3541 fault , which was significant support in the development of a downtrend. In the correction , the daily 1.3586-1.3576 fault has not been overcome , suggesting strong downward dynamics , which implies a high probability of inertial motions for updates generated lows. For this reason, consider buying dipapzone between current and monthly control zone stands with great caution.
Priority model at the beginning of the week.
