EUR/ZAR may fall 1257 - 1747 pips

19.98 is our pivot point.

Our preference

Eye 19.73.

Alternative scenario

The upside breakout of 19.98, would call for 20.06 and 20.11.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (19.91) but above its 50 period moving average (19.90).

Supports and resistances

20.11 **

20.06 *

19.98 **

19.95

19.91 last

19.78

19.73 **

19.68 *

19.63 **

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