EUR/ZAR may rise 891 - 1331 pips

Our pivot point stands at 19.04.

Our preference

Rebound towards 19.26.

Alternative scenario

Below 19.04, expect 18.97 and 18.93.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.14 and 19.17).

Supports and resistances

19.35 **

19.31 *

19.26 **

19.22

19.13 last

19.07

19.04 **

18.97 *

18.93 **

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