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We can see that on all Higher Timeframes (Monthly, Weekly, Daily) EURSEK is bearish.
Monthly the market has created an M pattern where we can expect a retracement back to the neckline or wick of the monthly candle, where its lining up...
Unfortunately, the news of the last week caused the fall of this currency pair, and if the market does not rise at the moment, Sharpi can rise to 0.618.
Pattern: Testing the 6 month Support.
Signal: Bullish as the RSI and the 2018 fractal indicate a potential rebound here.
Target: 10.8000 (just below the 0.786 Fibonacci retracement).
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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 10.77982 where it could potentially rise further to 10.95181.
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.
