DavidFXMarkets
Short

EUR/ZAR possible sell medium/long term

OANDA:EURZAR   EUR/ZAR
Prons:
1. EUR/USD             has potential to weaken - the price now is inappropriate to conditions in Euro             Area - flat GDP which can negatively affect CPI             in the future,
2. CPI             is still far from ECB inflation targets - it will take a time to be confident about inflation growth and GDP,
3. Commodities like Gold             have potential to growth in the future - it will positive affect on South Africa economy ( gold             exporter),
4. Good positive swap - additional profits from holding position EUR/ZAR             .

Cons:
1. Risk from changing ECB monetary policy - it could positively affect euro             price.

Presented Idea is only an assumption, one of many possibilities which can happen.
Always invest consicously. The price can do anything at any time.
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