EURSEK - Daily - Karlsson is getting stronger... For now.

FX_IDC:EURSEK   Euro / Swedish Krona
Because, at the moment, I am a believer in the Euro weakening, I think it's a great opportunity for all other currencies to recover against it. This opportunity might not last for too long, but certainly is something to keep in mind for the time being.

I think it is clear that it will try to touch the closest upward trend line . That's only if there won't be any ridiculous statements from the ECB or "Sverige".
In the mean time, I am looking for it to touch that trend line and then we will have re-evaluate the situation. Maybe it will become a strong support and it will bounce from it higher. Personally me, I doubt that, because the ideal area for the bounce would be the even lower bubble on the lower trend line . But hey, what I want is not taken into consideration by the market.

As always, keep an eye on the price action!


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