Cup and Handle has formed over the last few months with EUR/ZAR.
We got a break down below R19.65.
Now it looks like there is further downside to come for the EUR which is good for the rand.
21>7
Price >200
RSI<50
Target R17.32
The big warning technically is that the EUR/ZAR is flirting with the 200MA. Until the price breaks down, then I'll feel more comfortable with this analysis.
We got a break down below R19.65.
Now it looks like there is further downside to come for the EUR which is good for the rand.
21>7
Price >200
RSI<50
Target R17.32
The big warning technically is that the EUR/ZAR is flirting with the 200MA. Until the price breaks down, then I'll feel more comfortable with this analysis.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)