ZAREUR trade ideas
Short Term Analysis on EURZAREURZAR is currently consolidating with a slight bias to the downside. The important thing would however be to keep an eye on the upper and lower boundaries for a potential breakout. Short term Resistance is @ 19.03 and 19.15 whereas support is @ 18.72 and 18.65
EUR/ZAR will the support hold...? 19.1386
We see that price has come back down to the 19.1386 support level.
If price finds support and moves up we could see resistance at the 19.3352 level.
If price breaks through this support and the next support is at 18.9059 level AND if price breaks through this level we could possibly see a big move to the downside.
Short EURZARThe price broke the daily support and went for a retest, resulting in a long position to the downside
EUR/ZAR going to the 19.4029 level (long position)We have seen the EUR/ZAR currency pair find some solid support at the 19.1380 level.
symmetrical triangle breakout!...and retested. I would like to see the top of the previous Doji taken out as confirmation but my targets are listed! Manage your risk!!
-Nick
Eur/Zar Swing Trade + Speculative ReasoningSpeculation on why Zar to Rebound
South Africa reinvesting in Tourism industry
Newly infected Covid-19 rates stable
Bipartisan response to economic and social affairs
Lockdown levels back to acceptable levels
Reopening of borders to neighbouring countries
Promising comparative import/export data
EURZAR Head and Shoulders, possible 2R tradeEURZAR Head and Shoulders, possible 2R trade. Weekly uptrend. Wait for break and retest of the marked-up consolidation area, which is right shoulder
