DONATE & Share Post Your Content On Smart Money Management

Search This Blog

Monday, August 23, 2021

EUR/ZAR:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|SHORT๐Ÿ””๐Ÿ””

EUR/ZAR:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|SHORT๐Ÿ””๐Ÿ””

The Eurozone CPI for July is predicted to decrease 0.1% monthly and increase 2.2% annualized. Forex traders can compare this to the Eurozone CPI for June, which increased 0.3% monthly and 2.2% annualized. The Eurozone Core CPI for July is predicted to decrease 0.4% monthly and increase 0.7% annualized. Forex traders can compare this to the Eurozone Core CPI for June, which decreased 0.4% monthly and increased 0.7% annualized. The Eurozone Harmonized Core CPI for July is predicted to decrease 0.3% monthly and increase 0.9% annualized. Forex traders can compare this to the Eurozone Harmonized Core CPI for June, which increased 0.2% monthly and 0.9% annualized.

The South African CPI for July is predicted to increase 1.1% monthly and 4.6% annualized. Forex traders can compare this to the South African CPI for June, which increased 0.2% monthly and 4.9% annualized. The Core CPI for July is predicted to increase 0.5% monthly and 3.1% annualized. Forex traders can compare this to Core CPI for June, which increased 0.3% monthly and 3.2% annualized.

The forecast for the EUR/ZAR turned bearish after price action failed to extend its rally, set a lower high, and formed a double top .

Can bears pressure the EUR/ZAR into its horizontal support area?

You can find our Website/Telegram Links in Description Below in "Find me on" ↓↓↓



from TradingView Ideas https://ift.tt/2XQG76c
via gqrds

No comments: