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SOUTH AFRICAN RAND / EURO

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ZAREUR trade ideas

EUR/ZAR:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|SHORT🔔🔔The Eurozone CPI for July is predicted to decrease 0.1% monthly and increase 2.2% annualized. Forex traders can compare this to the Eurozone CPI for June, which increased 0.3% monthly and 2.2% annualized. The Eurozone Core CPI for July is predicted to decrease 0.4% monthly and increase 0.7% annualized. Forex traders can compare this to the Eurozone Core CPI for June, which decreased 0.4% monthly and increased 0.7% annualized. The Eurozone Harmonized Core CPI for July is predicted to decrease 0.3% monthly and increase 0.9% annualized. Forex traders can compare this to the Eurozone Harmonized Core CPI for June, which increased 0.2% monthly and 0.9% annualized. The South African CPI for July is predicted to increase 1.1% monthly and 4.6% annualized. Forex traders can compare this to the South African CPI for June, which increased 0.2% monthly and 4.9% annualized. The Core CPI for July is predicted to increase 0.5% monthly and 3.1% annualized. Forex traders can compare this to Core CPI for June, which increased 0.3% monthly and 3.2% annualized. The forecast for the EUR/ZAR turned bearish after price action failed to extend its rally, set a lower high, and formed a double top. Can bears pressure the EUR/ZAR into its horizontal support area? You can find our Website/Telegram Links in Description Below in "Find me on" ↓↓↓
Short
by FOREXN1
EURZAR on a channel break 🦐EURZAR on the 4h chart created a triple top below a weekly resistance. The price is currently testing the ascending channel trendline over a daily support and according to Plancton0's strategy if the market will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
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