EUR/ZAR Trading Analysis (20/03/2025)
The trend is up. The pair is trading in the range of 365 and 135 EMAs. The bearish wave structure is truncated. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the formation of the ascending wave structure, when the wave A breaks the 19.76890 level of the pivot 2 of the descending structure.
- Stop-loss at 19.6784.
- Price targets at 19.9024 and 20.0800.
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