Kumowizard
Short

EURSEK - Selling on better macro data

FX:EURSEK   Euro / Swedish Krona
59 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?
USDSEK just reached a focal point.
Reply
Cool, thx for the chart! I think USD should go to correction anyway.
Reply
2use Kumowizard
Markets tend to surprise...though the bottom there was pretty easy
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