Trade Alert
It looks like we are getting closer to a braking point on EURSEK. The pair keeps holding on to its support zone at 10.288, which is proven to be an important level that is keeping the pair from breaking lower. At the same time, EURSEK is still trading below its short-term downside resistance line. That said, for us to get comfortable with much lower levels, we would need to see a break below 10.288 level, which could open the path towards much lower levels.
On the upside, a break above the aforementioned downside resistance line and a close of the daily candle above the 10.435 barrier, could invite more bulls to the table an we could see the pair traveling higher.
Always have your SL in place.
It looks like we are getting closer to a braking point on EURSEK. The pair keeps holding on to its support zone at 10.288, which is proven to be an important level that is keeping the pair from breaking lower. At the same time, EURSEK is still trading below its short-term downside resistance line. That said, for us to get comfortable with much lower levels, we would need to see a break below 10.288 level, which could open the path towards much lower levels.
On the upside, a break above the aforementioned downside resistance line and a close of the daily candle above the 10.435 barrier, could invite more bulls to the table an we could see the pair traveling higher.
Always have your SL in place.