EURSEK had been forming Cup and Handle Pattern in a one hour time frame. Recently, the prices registered a breakout and then came back into the pattern. However, prices again managed to break through the neckline of the pattern as bulls gain momentum, creating Three White Soldiers pattern. Further, the dots of the Parabolic SAR indicator are moving below the...
The Swedish Krona fell more than a percent since July policy review against the USD and EUR. After hitting a high in August, the crosses EURSEK and USDSEK fell nearly 2.0%.
Selling pressure remains very strong, a descending channel is still in evidence in the daily chart. These dips would enable the cross to gather momentum ahead of a new round of rallies. The...
IDC
