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Kiwi-Profit
Aug 3, 2020 9:44 AM

Sell:EUR//ZAR.....Aiming At A Resistance Level Short

EUR/ZAROANDA

Description

Exotic currencies are currencies that are thinly traded in foreign exchange markets and are not widely used in global financial transactions. Exotic currenrtcies are illiquid, lack market depth, can be extremely volatile, and trade at low volumes....

Exotic currency pairs are made up of one major currency paired with the currency of an emerging economy, such as Brazil, Mexico, Chile, Turkey, or South Africa...........

Technically on the Chart...Price aiming at a resistance zone ......which we might see a breakout because we seeing a bullish flag pattern or a sell opportunity to bag in pips down to our support zone.....



Comments
Fxjet
Good post 👍
Fxjet
I see more of a break out at that resistance considering the foundamentals around Eur except US index pushes strong in come days.
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