EURSEKInflation in Sweden was low . That means there is no need for further rate increase to curb the infllation . We are expectin a rate cut in May . So what does that mean? Lower value for sweedish currency which means?? Lets go bulls on this pairLongby MMAlchemist0
LONG 4/1/24Daily and 1hr uptrend, 4hr demand entry into daily demand, 5:1 RR. RISKER.Longby aidankelleher0
EURSEK: Strategy Views from BNP ParibasWe are closing our long EURSEK trade at 11 2724 for a small loss of 0 44 USD 44 k We initially added the trade to position for a more dovish Riksbank and the end of the reserve hedging programme. However, even though these factors have played out and the USD has gained strength, the trade has failed to perform On fundamentals, we continue to view risks around EURSEK as skewed to the upside and we maintain our bearish medium term view on the SEK For now, though, we think it is prudent to move to the sidelines in the crossby ElliottwaveSpecialist0
EURSEK - Looking for short positionsDear traders, EURSEK already reached key levels, lets wait for a selling signals (for now) it might change at the end of the week after BCE speaks. Nevertheless selling at aroung 11.42 is a great option as Risk Reward Ration would be good. Best trading.Shortby FITINTRADE0
Another leg up EURSEKIt's respecting the 4HR trendline It creates a good setup trade RR of 1:4 reward (probably 1:5) because this pair tends to create long candle wicks. Should be safer trade to wait for breakout, (maybe tomorrow) since today is holidays in US, and there is less liquidity and more chances to be stopped out Longby zeroToEdgeUpdated 0
EURSEK may try to cost 11 krones again soonEURSEK may try to cost 11 krones again soon on a strong weekly downtrend after a triple top on a weekly chart perspective. Plus, check this out. Sounds pretty interesting. * research.sebgroup.com I personally may re-enter a couple of times if my SL is hit, but who knows.Shortby TheodoreToke111
Only Safe to go Long? EUR/SEKDivergence in both, RSI and MACD Possible reversal to target tje 0.5 zone of fibbonacci?Longby TheodoreToke2
EUR/SEK BULLISH OUTLOOKRecent developments in the European Central Bank (ECB) and the Swedish economy are shaping the euro (EUR), Swedish krona (SEK), and their exchange rate (EUR/SEK): ECB's Hawkish Stance: Strong messaging from ECB hawks for tighter policy before the September meeting contrasts with market expectations below 50%. Despite explicit statements and a hawkish tone from President Christine Lagarde, market pricing remains stagnant. Data Dependency and Inflation: The ECB's data-driven approach hinges on this week's inflation data. Predictions of slight core CPI inflation slowdown to 5.3% from 5.5% could trigger a 25 basis points rate hike in September. US payroll numbers also play a role. Swedish Data: Better-than-expected GDP and retail sales data in Sweden show Q2 contraction of 0.8% (previously -1.5%) and 1.0% growth in July retail sales. The krona already reflects economic underperformance and real estate risks. Upcoming in Sweden: Wage figures, economic survey, manufacturing data, and Riksbank's Anna Breman's inflation panel pose events to watch. EUR/SEK Outlook: Core inflation support for an ECB hike could pressure EUR/SEK upward. But improved external conditions and strong Swedish data might ease EUR/SEK from recent highs. On a technical front, MACD is supporting the bullish outlook, while RSI remains neutral at this point. If the trend continues, the currency pair might test its resistance level at 12.0417. In the opposite scenario the pair might go down to 11.8065 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses. Longby legacyFXofficial2
EUR/SEKHi, guys look at my 6july short signal in Eur/Sek....now you can cover your short if you put 1000usd in this position with leverage 2 now you have 30 dollar profit . if you are amatur please make your position in forex 100usd and increase your budget little by little . Good luck by Logical_Markets221
EUR/SEKHi Guys .... I am bearish on EUR/SEK forex ..... I opened my first short level at 11.9083 (100usd_leverage 2) and i will add to that on 12.43_12.53 ...... okay guys open your short and then I will keep you posted any change i see ... Good luck .Shortby Logical_Markets2
EURSEK July 4th, 2023The Swedish economy will not shrink as much as previously expected, and the level of unemployment will stay relatively steady, according to a government agency. However, high inflation and higher interest rates have had a negative impact on Swedish households, leading to a significant decline in housing construction. This, along with a slowdown in exports, will result in a 0.4 percent decrease in the country's gross domestic product (GDP) in 2023, which is less severe than the 0.6 percent contraction predicted earlier. Despite the economic downturn, there are no clear signs of weakening in the labor market. Unemployment is projected to be 7.5 percent in 2023 and is expected to rise to 8.1 percent in 2024 before declining in subsequent years. Inflation is predicted to remain high at 8.7 percent in 2023 but will decrease to 2.7 percent in 2024. Inflation is then anticipated to drop to 1.2 percent in 2025 before slightly surpassing the Swedish central bank's target of 2 percent in 2026 and 2027. The Riksbank, Sweden's central bank, has raised interest rates to address inflation, with a further increase expected before a subsequent reduction in 2024. The interest rate will then be maintained at 1.75 percent from 2025 to 2027 following additional cuts.Shortby DNP-FXUpdated 338
EURSEK: Bearish Divergence at the PCZ of Bearish SharkWe have 3 instances of Bearish Divergence just pass the PCZ of the Bearish Shark and it now looks to be testing those highs perhaps for the last time before it begins to fall.Shortby RizeSenpai2
W9.1-15 EURSEK BEARISH IDEA (DOUBLE TOP)Potential Bearish Entry Dow Theory In Place - Lower High and Lower Low Expected in Place Formation of DOUBLE Top coupled with bearish divergence (Bearish reversal pattern) SL & TP Levels are defined.Shortby khabeerkhalid0
Euro/SEK going upCan Euro/SEK get back to the trend channel? Maybe. Lets see. - Fake break down - Bullish 4 hour signal - Oscillitor looks bullish too. Longby GreenBkk111
EURSEK RANGE BOUNDEURSEK is ranging and it will be going to break the resistance for buy entryby RIK060
SEK/EUR Trend reversalWe can see a bullish divergence on daily timeframe. The downtrend has been broken, as the price broke above the major resistance line which can be a possible trend change. The blue path shows potential progression. If the price retests previous resistance and confirms it as a support it would be a confirmation for bulls and the long position can be taken. Take profit and final target are shown on the chart-Longby vf_investmentUpdated 332
EUROSEKThe pair has imprinted bearish momentum since the beginning of 2023. There is break of structure on the DTF, a confirmation of CHOCH. We anticipate a bullish correction targeting the fair value gap (FVG) or the unmitigated OB. We have two pints of entry, the FVG(aggressive) or the OB siting higher(conservative) 6.9 and 7.2 RR respectively.Shortby morrisgitau110
EURSEK SELLStrategy: Short term overvaluation/price mean reversion Risk/reward Ratio 5.2 Manage risk properly. Shortby AlgorialUpdated 111
EURSEK 1HR timeframeascending channel with bullish divergent on RSI TP 11.12 Longby nolram53Updated 1
2 SCENARIOS ON EURSEKHello guys! Here we have 2 possible scenarios on EURSEK, but as trading si all about reacting correctly not predicting, we should firstly wait for a break in any direction, and only after that we can be looking for an entry at the retest. What do you think? I would consider a long position based on the other technical indicators, such as oscillators and moving averages. OANDA:EURSEKby m_maia143