Trade Alert
EURSEK is at an interesting area, where we will await for it to break out of, before we take a position.
Judging by the recent move higher, there is a chance that we could see this pair continuing to move north towards the end-of-June levels. The potential target could be around 10.4745 area, marked by the strong resistance seen on the 2nd of July.
Alternatively, a break below the lower highlighted area could force the buyers to abandon the pair.
Don't forget to have your SL in place.
EURSEK is at an interesting area, where we will await for it to break out of, before we take a position.
Judging by the recent move higher, there is a chance that we could see this pair continuing to move north towards the end-of-June levels. The potential target could be around 10.4745 area, marked by the strong resistance seen on the 2nd of July.
Alternatively, a break below the lower highlighted area could force the buyers to abandon the pair.
Don't forget to have your SL in place.