EUR/ZAR may rise 741 - 1091 pips

Our pivot point is at 18.89.

Our preference

The upside prevails as long as 18.89 is support.

Alternative scenario

Below 18.89, expect 18.83 and 18.80.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 18.94 and 18.95). Finally, the EUR/ZAR is trading above its upper Bollinger band (standing at 18.98).

Supports and resistances

19.18 **

19.14 *

19.11 **

19.07

19.00 last

18.92

18.89 **

18.83 *

18.80 **

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