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EURSEK Target Price 10.60763 (After Action Report)

Short
Euro / Swedish Krona (FX:EURSEK)  
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FX:EURSEK   Euro / Swedish Krona
Support and Resistance Parallel Channel equidistant EURSEK euro
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supportandresistance parallelchannel equidistant eursek euro
This Parallel Channel is different from my usual channel trade set ups. See the positioning of the Red EMA 10 and Blue EMA 20. The 10-Day Exponential Moving Average is below the 20-Day Exponential Moving Average. A great indication that this a sell opportunity. Candlestick wick intersects the horizontal support resistance line and both EMAs. Wick did not intersect or retest channel support resistance diagonal line.

Next horizontal support resistance is at 10.56657
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