This is just a quick update
After finding good support near the 1.0845 hurdle, NOKSEK rebounded somewhat. Now we are keeping an eye on two potential breakout levels (highlighted).
If the pair breaks above the 1.0885 barrier, this could lead to a larger correction, potentially hitting the 200 EMA on the 4-hour chart.
A drop below the 1.0845 obstacle would confirm a forthcoming lower low and NOKSEK would continue with the prevailing downtrend.
Please see the chart for levels and targets.
Don't forget your stop-loss.
After finding good support near the 1.0845 hurdle, NOKSEK rebounded somewhat. Now we are keeping an eye on two potential breakout levels (highlighted).
If the pair breaks above the 1.0885 barrier, this could lead to a larger correction, potentially hitting the 200 EMA on the 4-hour chart.
A drop below the 1.0845 obstacle would confirm a forthcoming lower low and NOKSEK would continue with the prevailing downtrend.
Please see the chart for levels and targets.
Don't forget your stop-loss.