Trade Alert
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 broken, still, for a better confirmation of the downside we would like to see a drop below the 10.702 area, this way the pair might clear the path for itself towards lower levels.
Please see the chart for details.
Don't forget your stop-loss.
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 broken, still, for a better confirmation of the downside we would like to see a drop below the 10.702 area, this way the pair might clear the path for itself towards lower levels.
Please see the chart for details.
Don't forget your stop-loss.