FOREX PAIR: EURSEK PRICE CHART, ANALYSIS AND TRADING TIPS

FOREX PAIR: EURSEK PRICE CHART, ANALYSIS AND TRADING TIPS

forex technical analysis

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 10.2196 & the resistance level is at 10.3877.

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

EURSEK Technical Analysis: Daily Chart

In the daily charts, EURSEK is trading in a down channel.

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

The immediate support is 10.3011 & the resistance level is 10.3601.

EURSEK is trading in the down 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 10.3391, TAKE PROFIT AT 10.3011 AND STOP LOSS AT 10.3601

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