Today, EURSEK broke its short-term upside support line and traveled lower. In addition to that, the pair dropped below the 10.782 support zone, marked by the low of May 10th.
This creates a slightly more bearish atmosphere around EURSEK, at least for the short run.
Please see the chart for levels and potential targets. This is just an idea, so you decide what...
EURSEK is stuck. As you can see, the pair is still trading above its steep tentative upside line. But at the same time the rate is struggling to push above the 10.740 barrier. For now, we will stay put and wait for a break through one of our highlighted areas, before examining a further directional move.
Even if the aforementioned upside line gets...
A few days ago I posted short setup for this pair. Circumstances have since changed and I now look for upwards movement. If we get strong close above entry level, then I believe that an uptrend is is on its way