SEKEUR trade ideas
EURSEK - 240 - Signs of weakness?Today, EURSEK broke its short-term upside support line and traveled lower. In addition to that, the pair dropped below the 10.782 support zone, marked by the low of May 10th.
This creates a slightly more bearish atmosphere around EURSEK, at least for the short run.
Please see the chart for levels and potential targets. This is just an idea, so you decide what is comfortable for you.
Don't forget your stop-loss.
EURSEK - 240 - Only on the exitTrade Alert
EURSEK is stuck. As you can see, the pair is still trading above its steep tentative upside line. But at the same time the rate is struggling to push above the 10.740 barrier. For now, we will stay put and wait for a break through one of our highlighted areas, before examining a further directional move.
Even if the aforementioned upside line gets broken, still, for a better confirmation of the downside we would like to see a drop below the 10.702 area, this way the pair might clear the path for itself towards lower levels.
Please see the chart for details.
Don't forget your stop-loss.
