EURSEK - Storng resistance level Break BB, RSI overbought,. Correction back to BB.
Hello Dear Traders, You find below my analysis for EUR/SEK, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/SEK will fall to 10.41 as I am showing in my chart. Our Daily Goal is 10.39. Currently, EUR/SEK is moving towards the resistance level 10.485,where there is some liquidity from this...
This is a test chart for my modified predictive indicator.
EUR / SEK has retested the upper zone of the bull flag again. It has approximately 200 EMA axes. 21:34
EURSEK Short Scalp. 100x leverage. Targets on the chart. SL is liquidation.
EURSEK Trend: Up Level: Horizontal Support Level, EMA 10 Support Level, EMA 20 Support Level, Fibonacci Retracement Support Level Signal: Rejection Candlestick
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EURSEK Horizontal Support Level at 10.36797.
The EUR / SEK has shown a clear accumulating condition and its high slope has been broken, you can get a long order if a pullback occurs as marked. (These are exotic pairs and have an unexpected volatility so do not trade unless you have experience)
Eur sek LOW AND TOP possible upside +8% . . . . . . . . . . . . . . . . . . . . . . . . . .
1. If price cannot break parallel line we'll see short opportunity; 2. If price break the resistance level and retest it, we'll open long position;
After breaking the SL, I waited for the price to hit the previous major peak. Designated zone, price. I got a signal from the market and opened a short position
3 white soldiers on the weekly breaking out of bullish dragon targeting between the 61.8% and 78.6% retracement from high to low.
The higher-end market is down, so the trade follows the direction. I marked the zone, the price, got the signal from the chart and opened the position
EURSEK Foreign Currency Trend: Up Level: Diagonal Support Level, Dynamic Support Level (EMA 10 EMA 20)
Summary: A fresh spike in natural gas prices in Europe accelerated the relative weakness of the euro yesterday and the single currencies performance is so dire that we have to consider where to look if the market transitions to more existential, as opposed to cyclical concerns. Elsewhere, SEK has recently looked like the baby being thrown out with the bath water...
Hello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ We can see that on all Higher Timeframes (Monthly, Weekly, Daily) EURSEK is bearish. Monthly the market has created an M pattern where we can expect a retracement back to the neckline or wick of the monthly candle, where its lining up...
Technicals: EURSEK seems to be a bit overstretched. A reversion to the mean could ensue. Oversold oscillators Daily uSd Weekly d3