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USD/ZAR is in a triangle

USD/ZAR is in a triangle

Information is not investment advice

USD/ZAR met the resistance of the line connecting September, March and May highs in the 14.50 area and formed a candlestick with a long upper wick on D1. The pair is consolidating in a triangle and may revisit its lower border provided by the support line since the start of 2019. The pattern on H4 resembles a “Head and Shoulders”. A decline below 14.35 will open the way down to 14.28/25.

USDZAR.png

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EUR/USD: a temporary bottom

On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).

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EUR/USD: a temporary bottom

On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).

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