Timonrosso

EUR/ZAR showing strong upside to come - OUCH!

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OANDA:EURZAR   EUR/ZAR
This analysis hurts my pocket.

Travelling around and living in Europe means we pay in Euros. Hotels, flights, costs, etc...

And I unpleasantly am doing an analysis showing how the Euro looks like more upside is to come.

It's this kind of analysis I really hope I am 100% wrong.

Anyway, upside is to come bease on the Reverse Cup and Handle.

The price bounced on the 200MA and said, nope we are going up. Let's go euros!

And now, it looks like the next target is to a gloomy R22.44

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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