CHARTVIPER

EUR/ZAR is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.

A potential bullish movement on EUR/ZAR
EUR/ZAR was identified at around 19.709665 having recently rebounded of the support on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 19.7634 level.

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