I don't suggest anyone to short this pair, since krona is really in bad shape. But it will be good to see confirmation from previous cycles on 0.5 fibonaci level. I am expecting the same to happen and we could experience 8.86 area one more time. Other good support for this statement is that everyone expect FED to cut this month and Riksbank to remain on -0.25 until December or even further. That might push out the bulls to take some profits. I highly doubt there will be strong bear support, but still this withdraw of funds might lead to see repeat of the fib pattern to 0.5.
