EUR/ZAR currency pair analysis
The 16.9600 support level restrains sellers. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator’s moving levels are upbound. The pivot 2 of wave C of the descendant truncated structure is breached.
Trade idea:
Buy when level 17.22098 is breached.
Stop-loss — 16.9600.
Target levels: 17.5000; 17.7680.
