Trade Alert
EURSEK is testing the long-term upside support line drawn from the low of the 9th of October. As long as it remains intact, we could see the pair reversing back up again. But for now, we will stay put, as we can see that the pair is sitting between two key levels: 10.435 on the upside and 10.288 on the downside. If one of these is broken, we might start looking for other levels in the direction of the break.
Please see the chart for details.
Always have your SL in place.
EURSEK is testing the long-term upside support line drawn from the low of the 9th of October. As long as it remains intact, we could see the pair reversing back up again. But for now, we will stay put, as we can see that the pair is sitting between two key levels: 10.435 on the upside and 10.288 on the downside. If one of these is broken, we might start looking for other levels in the direction of the break.
Please see the chart for details.
Always have your SL in place.