EUR/ZAR 1 dayHere price pretty much go in range (canal) between 10.80 and 11.65. At the moment the price is at the range top and we may expect the price to fall to 10.80 again.

EUR/ZAR 4hHere on 4h chart we can see the supports - 11.30, 11.20, ~11.10 (brown line), 10.90, 10.80 (range bottom).

Conclusion, in the short term, the rand will go up against the EURo. In medium term we may expect the price to stay in the range.

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