EURSEK Technical Analysis: Weekly Chart

In the weekly charts, EURSEK was trading in a up channel.

It is trading below 20 days SMA & above 50 and 100 days SMA.

The immediate support is 10.2200 & the resistance level is at 10.4265.

EURSEK was trading in the up channel before the breakout downside.

EURSEK Technical Analysis: Daily Chart

In the daily charts, EURSEK is trading in an up channel.

It is trading above 20 days SMA & below 50 and 100 days SMA.

The immediate support is 10.3027 & the resistance level is 10.3832.

EURSEK is trading in the up channel until there is trend reversal.  

How to Trade EURSEK this Week:

EURSEK will follow the downtrend until their trend reversal. So, remain bearish on EURSEK.

TRADE SUGGESTION- SELL AT 10.3373, TAKE PROFIT AT 10.3027 AND STOP LOSS AT 10.3832