maccabean

Carry trade opportunity on the EUR/ZAR

FX_IDC:EURZAR   EURO / SOUTH AFRICAN RAND
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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