I wish I was wrong with this but now it's looking better EUR/ZAROk so this was painful.
The W Formation neckline broke above and since then headed to the target at R22.00 a EURO!
For someone who travels to Europe a lot, it's not easy on the rands.
But since it hit the target, it turned down and hopefully will stay down for now.
We are currently at R20.34 with a first target at R20.00.
And if it breaks below that we COULD see R19.00 again.
But you'll be the first to know and I'll send the analysis.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
