Emerging market currencies have continued to underperform relative to select G10 counterparts as risk appetite fades. Jackson Hole and US data ahead

Sentiment is: Neutral

Technical Analysis

EUR/ZAR is heading toward the support line in a Falling Wedge pattern. If this move continues, the price of EUR/ZAR could test 19.6243 within the next 2 days. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.

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