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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.

Watch EUR/ZAR online

Trade idea:

Buy when level 17.22098 is breached.

Stop-loss — 16.9600.

Target levels: 17.5000; 17.7680.

Author: GC
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