Inflation in Sweden was low . That means there is no need for further rate increase to curb the infllation . We are expectin a rate cut in May . So what does that mean? Lower value for sweedish currency which means?? Lets go bulls on this pair
We are closing our long EURSEK trade at 11 2724 for a small loss of 0 44 USD 44 k We initially added the trade to position for a more dovish Riksbank and the end of the reserve hedging programme.
However, even though these factors have played out and the USD has gained strength, the trade has failed to perform On fundamentals, we continue to view risks around...
Dear traders,
EURSEK already reached key levels, lets wait for a selling signals (for now) it might change at the end of the week after BCE speaks. Nevertheless selling at aroung 11.42 is a great option as Risk Reward Ration would be good.
Best trading.
It's respecting the 4HR trendline
It creates a good setup trade RR of 1:4 reward (probably 1:5) because this pair tends to create long candle wicks.
Should be safer trade to wait for breakout, (maybe tomorrow) since today is holidays in US, and there is less liquidity and more chances to be stopped out
EURSEK may try to cost 11 krones again soon on a strong weekly downtrend after a triple top on a weekly chart perspective.
Plus, check this out.
Sounds pretty interesting.
* research.sebgroup.com
I personally may re-enter a couple of times if my SL is hit, but who knows.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought
Fib Retracement confirms a target to the Short side
Take Profit is Derived from Pivots
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Recent developments in the European Central Bank (ECB) and the Swedish economy are shaping the euro (EUR), Swedish krona (SEK), and their exchange rate (EUR/SEK):
ECB's Hawkish Stance: Strong messaging from ECB hawks for tighter policy before the September meeting contrasts with market expectations below 50%. Despite explicit statements and a hawkish tone from...
