TradingShot

USDSEK Still bullish long-term

Long
FX_IDC:USDSEK   U.S. Dollar / Swedish Krona
The USDSEK pair had an excellent technical bounce on the 1D MA50 (blue trend-line) following our previous analysis:


As you see that was our 1st suggested buy entry, so if you took the trade you can book (partial) profits and enter on the next pull-back near the diverging Higher Lows trend-line. The long-term entry is now located on the 1D MA200 (orange trend-line). We expect the pair to test the 10.4850 COVID High by the end of August.



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