EURSEK moved in uptrend since the year beginning. Last week price rebounded sharply after testing the resistance at 9.6100 . Yesterday huge downward candle reached two weeks low. Nearest supports are located at: 9.3600, 9.3040, 9.2550. If rebound occurs and demand maintains its strength nearest resistances will be located at: 9.4220, 9.5000, 9.6100.

Try FX GROW. Spread from 0.00001 also STP/ECN execution, full transparency. FxGrow launches new feature packed Website with technical analysis and economic calendar.

EURSEK-D1

Wider view, time-frame W1

Since 2012 EURSEK moved in uptrend, it was finished at the beginning of 2015. Currently there aren’t any new highs or lows so since one year price is moving in consolidation. In this period EURSEK is forming triangle pattern. In a long term it is likely that price will be moving between levels: 9.1400, 9.6100. Breaking one of that levels will show further movement direction.

EURSEK-W1

Error, group does not exist! Check your syntax! (ID: 3)

RELATED ARTICLESMORE FROM AUTHOR