EUR/ZAR Trading Analysis (04/12/2023)

The trend is ascending. The downtrend five-waves structure is truncated. There is a bullish divergence on the Awesome Oscillator. The Pivot 2 of the wave 5 is truncated with the ascending movement.



Trading idea:

Buy at the breach of 20.2920.

Stop-Loss 20.1890.

Target price levels: 20.4520, 20.6730.

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