This morning, EURSEK exploded to the upside and traveled higher, but found resistance near the 10.75 barrier. It may continue testing that area, or even correct back down a bit from there. But if that barrier eventually surrenders to the buyers, it may open the door to some higher levels. Given that we have missed the sharp uprise, we could try to take advantage of a potential break above the 10.75 zone, but only after we see some correction lower.
Please see the chart for details.
Don't forget your stop-loss.
Trader’s Espresso – 07:00 GMT
Trader’s Tea Time – 14:15 GMT