EURSEK is expected to drop to 1st support at 10.64568 where it could potentially react off and up to 1st resistance at 10.72741.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURSEK bounced off 10.65000 where it could potentially rise further to 10.94000.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURSEK bounced off 10.75864 where it could potentially rise further to 10.85005.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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...
That's a three bar reversal pattern and a double tops. Last week ended up bearish with high volumes complementing the prior week inverted hammer or pin bar.
I recommend selling anywhere between 10.50-55 zone with stops at 10.60 with first targets at 10 and later 9.75.
