Daily EURSEK Recommended Trade

Hello,

Daily EURSEK
EURSEK is vulnerable to a corrective bounce towards 9.0700/9.0800 as oversold readings cover price downside. Last sessions we saw lows as 9.0520, 9.0434 and bounced off there making an inverted hammer on both days.

Try to take longs at 9.0400 area for a correction towards 9.0700/9.0800.

Be careful
Wish you the best

Bye.

Ahmed....just wanted to tell you how much I've enjoyed your analysis recently. You show a keen eye for the market.

I was following your posts on the recent GBP movement with great interest. Good job.

Thank you, I do my best to improve.

EURSEK longs: try to take profits at 9.06 highs. the risk is if we didn't break convincingly thru 9.07 resistance, it's going to make a downward movement again. as some oversold areas are cleared just now and open for price.

keep watching the 9.0750 level and failure here should turn price sharply down.

add to your longs on a successful break above 9.07...maybe @ 9.08

EURSEK achieved the earlier noted target of 9.0700, now we could either see a sharp downward reversal from here or a resume of the uptrend (on a break of 9.0750).

Trade carefully. I exit longs

I would like to note that the market has pushed towards 9.0800 (approaching it now) having this strong close means we are going to into a reversal of the recent downtrend. And we should remain long ahead.

Went far beyond expectations. but a reversal key level was the main player in the move.

Good luck every SEK trader!

Sweden just got a hung parliameng and everybody will sell sek when they wake up on monday. This has not been priced in by the market.

Buy nok/sek, eur/sek and usd/sek

It is not every day you find money on the table. Just take it!!!