EUR/ZAR may fall to 18.9430 - 19.1950

20.14 is our pivot point.

Our preference

The downside prevails as long as 20.14 is resistance.

Alternative scenario

Above 20.14, look for 20.57 and 20.82.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.93 and 20.17).

Supports and resistances

20.82 **

20.57 *

20.14 **

19.97

19.74 last

19.20

18.94 **

18.69 *

18.44 **

Number of asterisks represents the strength of support and resistance levels.