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UPDATE Target Reached EURZAR - R22.00 - Next R25?

Nothing to celebrate here.

It was one analysis I wish I was wrong and yet, here we are.

The Cup and Handle was text book, the Tarrifs hit SA hard.

And the sad thing out of all of this is that South African rand will probably hurt more than what will happen to the US Dollar.

So what now? Now I think we will see R22.00 again. And we could even see R25.00 in the next two months.

But we will have to wait for a solid pattern to form first before we get the next set of bad news.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Timonrosso

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)

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Timonrosso

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