EURSEK currency pair reached the resistance area at 9.5930, which is already twice held back growth in the past 2-months. There, on the 4-hour chart has formed a supply side candle with long upper wick, which may signal back to declines.

Nearby support for the decline is located at 9.5080. Less aggressive traders can wait for the closing of the session, and if it occurs at the level shown in the chart or below, will be formed downward pin bar. It will also be a strong signal potential reversal.

0109-EURSEK


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