JFD_Research
Short

EURSEK - Daily - Keep your eyes on the rising wedge

FX_IDC:EURSEK   Euro / Swedish Krona
Trade Alert!

Rising wedge , together with potential bearish divergence forming on the MACD .
Apr 04
Comment: Still aiming for a bit of downside.
Hi, and thanks for your precious time and support. What do you think about this? I mean, is it possible for us to see EUR/SEK at levels of 10.15 or below? Thanks a lot.
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JFD_Research BedrosGesaratsi
@BedrosGesaratsi, hello. Short answer - Yes. But the question should be more - when? Unfortunately, no one can tell. But if we would see a move towards the 10.20 and then a break of that area, then the next level we would consider as a potential target, could be the 10.05. The only thing is that currently it looks a bit tricky, so we are waiting for a confirmation (like a shooting star on a weekly candle, or at least a move below the 10.27 for now).
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BedrosGesaratsi JFD_Research
@JFD_Research, Thanks for the detailed answer, I really appreciate it a lot. Wish you the very best! :)
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BedrosGesaratsi JFD_Research
@JFD_Research, I exchanged EUROs for SEK at the level of 10.344... Anyway, well, we'll see :) Thanks again very much. :)
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