Inflation in Sweden was low . That means there is no need for further rate increase to curb the infllation . We are expectin a rate cut in May . So what does that mean? Lower value for sweedish currency which means?? Lets go bulls on this pair
We are closing our long EURSEK trade at 11 2724 for a small loss of 0 44 USD 44 k We initially added the trade to position for a more dovish Riksbank and the end of the reserve hedging programme.
However, even though these factors have played out and the USD has gained strength, the trade has failed to perform On fundamentals, we continue to view risks around...
Dear traders,
EURSEK already reached key levels, lets wait for a selling signals (for now) it might change at the end of the week after BCE speaks. Nevertheless selling at aroung 11.42 is a great option as Risk Reward Ration would be good.
Best trading.
It's respecting the 4HR trendline
It creates a good setup trade RR of 1:4 reward (probably 1:5) because this pair tends to create long candle wicks.
Should be safer trade to wait for breakout, (maybe tomorrow) since today is holidays in US, and there is less liquidity and more chances to be stopped out
EURSEK may try to cost 11 krones again soon on a strong weekly downtrend after a triple top on a weekly chart perspective.
Plus, check this out.
Sounds pretty interesting.
* research.sebgroup.com
I personally may re-enter a couple of times if my SL is hit, but who knows.
Recent developments in the European Central Bank (ECB) and the Swedish economy are shaping the euro (EUR), Swedish krona (SEK), and their exchange rate (EUR/SEK):
ECB's Hawkish Stance: Strong messaging from ECB hawks for tighter policy before the September meeting contrasts with market expectations below 50%. Despite explicit statements and a hawkish tone from...
Hi, guys look at my 6july short signal in Eur/Sek....now you can cover your short if you put 1000usd in this position with leverage 2 now you have 30 dollar profit .
if you are amatur please make your position in forex 100usd and increase your budget little by little .
Good luck
Hi Guys ....
I am bearish on EUR/SEK forex .....
I opened my first short level at 11.9083 (100usd_leverage 2) and i will add to that on 12.43_12.53 ...... okay guys open your short and then I will keep you posted any change i see ...
Good luck .
The Swedish economy will not shrink as much as previously expected, and the level of unemployment will stay relatively steady, according to a government agency. However, high inflation and higher interest rates have had a negative impact on Swedish households, leading to a significant decline in housing construction. This, along with a slowdown in exports, will...
We have 3 instances of Bearish Divergence just pass the PCZ of the Bearish Shark and it now looks to be testing those highs perhaps for the last time before it begins to fall.
Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low Expected in Place
Formation of DOUBLE Top coupled with bearish divergence (Bearish reversal pattern)
SL & TP Levels are defined.
