Kumowizard
Short

EURSEK - Selling on better macro data

FX:EURSEK   Euro Fx/Swedish Krona
56 3 4
Sweden could say "Thanks, we are doing fine, no risk of deflation" , based on just released CPI             numbers.
After yesterday daily hammer, EURSEK             turning down from range top again.

Daily: Price action should be considered as consolidation within a wider range, right now ard equilibrium level. The strategic short position is recommended only below 9,39 and 9,25 key levels, with further confirmation signals ( DMI             reversal, Chikou cross, Price break below Kumo)

4 Hrs: Price back below Kijun Sen, Senkou B and 100 WMA, DMI             turning bearish with the heavy selling seen in last candle. Sell the spikes and/or get ready for size up after Price breaks 9,3950.

p.s.: as Sweden's economy really depends on EU economy, now we have a very good question: if Sweden is doing so well, is there really such a bad situation in Europe? Is there really a threat of deflation?
2use
2 years ago
USDSEK just reached a focal point.
USDSEK - Time to cool down? (divergence, wedge, resistance)
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Kumowizard PRO 2use
2 years ago
Cool, thx for the chart! I think USD should go to correction anyway.
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2use Kumowizard
2 years ago
Markets tend to surprise...though the bottom there was pretty easy
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