EURSEK bounced off its support at 10.63648 where it could potentially rise further to 10.73630. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK bounced off its support at 10.68027 where it could potentially rise further to 10.83594. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK expected to rise up to 1st resistance at 10.79890 where it could potentially react off and drop down to 1st support at 10.68457. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK reversed off its resistance at 10.79890 where it could potentially drop further to 10.68457. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK reversed off its resistance at 10.71750 where it could potentially drop further to 10.63441. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK expected to rise up to 1st resistance at 10.71195 where it could potentially react off and drop down to 1st support at 10.63441. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK reversed off its resistance at 10.58117 where it could potentially drop further to 10.53083. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK reversed off its resistance at 10.57766 where it could potentially drop further to 10.52923. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK is expected to drop to 1st support at 10.48813 where it could potentially react off and up to 1st resistance at 10.50905. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Disclaimer - I could be wrong/Trade at your own risk...
Disclaimer - I could be wrong/Trade at your own risk...
It's been 5 months now since EUR/SEK has been sailing under the Daily 50 EMA. It has now also broken the Daily 200 EMA. What we can expect to happen next is a complete breakout of the 200 EMA and the beginning of a long term bearish move. The confirmation that we need is for the price to fail to move and find support back above the Daily 200 or 50 EMA. If it...
FOREXCOM:EURSEK This is currently in a strong uptrend, however a reversal may occur after it reached the previous high (Peak to the left). It is best to allow this to run and put on a short position after the support level is broken. Will still need to watch and make sure there is no bounce on the lower trend line.
We can see EUR/SEK drop till 10.55 as it's Friday and some long positions are being closed. Furthermore, as the currency makes lower lows, it will drive the fear of the bulls and they will close their positions to secure their profits, making EUR/SEK fall. If you do trade this pair, do not risk more than 1% as it's very high risk. Also, take into consideration...
Entry @ break of second waves 0.618 retracement Stops @ new low below first waves 0.618 retracement or below 0.500 retracement (multiple violation of strong supports) based on preference Target @ first waves -0.272 level (third wave completion), or alternatively at previous high. After 3 failed tests price broke out from range and in spite of returning a second...
As predicted, it found support on the previous high-trend line. SEK is releasing 'Industrial numbers in within the half hour, also EUR is releasing PMI within the hour. Depending on the released numbers, I strongly believe EURSEK is a long. Buying volume seems much stronger than selling. No cash build to be seen the last week. If it breaks above the 200MA (orange...