Home About the company Daily reviews EUR/ZAR Trading Analysis (12/07/2024)

EUR/ZAR Trading Analysis (12/07/2024)

12.07.2024

The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.
Stop-loss at 19.5080.
Price targets at 19.8000 and 20.0000.

#eurzar #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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