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EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600 
- USD/ZAR is currently trading around 13.70 levels.
- It made intraday high at 13.74 and low at 13.61 levels.
- Intraday bias remains neutral till the time pair holds key support at 13.50 mark.
- A daily close above 13.74 will take the parity higher towards key resistances around 13.91, 14.01, 14.28 and 14.57 marks respectively.
- Alternatively, a daily close below 13.65 will drag the parity down towards key supports at 13.50, 13.39, 13.16, 12.99, 12.70, 12.51 and 12.40 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- South Africa will release current account data at 0800 GMT.
We prefer to take short position on USD/ZAR only below 13.55, stop loss 13.80 and target of 13.16.
