EUR/ZAR may rise 1044 - 1474 pips

Our pivot point is at 19.05.

Our preference

As long as 19.05 is support look for 19.27.

Alternative scenario

Below 19.05, expect 18.97 and 18.93.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (19.12) but above its 50 period moving average (19.10).

Supports and resistances

19.35 **

19.31 *

19.27 **

19.22

19.12 last

19.08

19.05 **

18.97 *

18.93 **

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