Eur/Zar looks to be in "B" wave

The weekly and daily are both way over extended. It is also way over extended from monthly bollinger bands (see TDI turned into price currently here on monthly). We can get a running flat here, but if it goes down to break the low that could take us to the 13.00 level possibly. At a potential reversal spot now. But keep in mind this is the monthly chart.
bwaveChart PatternsEUREURZARfibextensionTechnical IndicatorssouthafricanrandTrend Analysis

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