ThinkingAntsOk

Potential Bearish Movement on USDSEK

FX:USDSEK   U.S. Dollar / Swedish Krona
Main items we can see on the chart:

a) The price is below a support/resistance zone

b) We can see a similar corrective structure as the one that happened in the past

c) The next support zone is at 8.00

d) If the price breaks below the current structure, we expect a bearish movement towards the mentioned zone

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.