EUR/ZAR
Short

EURZAR H1 SHORT SETUP IDEA, 02 MAY 2022

This pair has broken the range to the downside on this time frame, pulled back to test the previous support turned resistance and now price looks like it could continue its downward movement. Resistance is @ 16.713 and the bearish target for the short trade is @ 16.462 on the hourly time frame. However if price moves to the upside and breaks the resistance, that will be the signal to exit the trade.
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