EUR/ZAR C&H to R17.32 - with a warning

28 ก.ค. 2023

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.