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maccabean
Apr 2, 2015 12:49 AM

Carry trade opportunity on the EUR/ZAR 

EURO / SOUTH AFRICAN RANDICE

Description

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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