maccabean

Carry trade opportunity on the EUR/ZAR

FX_IDC:EURZAR   EURO / RAND
126 0 2
A break below the current solid support would set you up for a very good long term trade. Sell and walk away for a month. A break above and the high swap works against you but still you could hold it for a few days above the resistance line.

Consolidation is confirmed by both Bollinger bands and MACD .
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