Symbol - EURSEK
EURSEK is currently trading at 11.57200
I'm seeing a trading opportunity on sell side.
Shorting EURSEK pair at CMP 11.57200
Holding with SL of 11.62000
Targets I'm expecting are 11.42500 & beyond.
This is a high risk trade. Let's see what happens!
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis &...
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...
