7645489 7/13/2017 12:21 PM, EUR/ZAR intraday: rebound


Our pivot point stands at 15.05.


Our preference

: rebound.


Alternative scenario

: the downside breakout of 15.05 would call for 14.95 and 14.89.


Comment

: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (15.14) but under its 50 MA (15.23).


Supports and resistances

:

15.47 **

15.41 *

15.35 **

15.29

15.16 last

15.09

15.05 **

14.95 *

14.89 **