I wish I was wrong with this but now it's looking better EUR/ZAR

Ok so this was painful.

The W Formation neckline broke above and since then headed to the target at R22.00 a EURO!

For someone who travels to Europe a lot, it's not easy on the rands.

But since it hit the target, it turned down and hopefully will stay down for now.

We are currently at R20.34 with a first target at R20.00.

And if it breaks below that we COULD see R19.00 again.

But you'll be the first to know and I'll send the analysis.

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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