The Bear failed to keep EURSEK sustainably below 10.78 in Mar25, the level where the harmonic aligned as shown in the chart.
The 41-month cycle or 3.5 years has also been consistently observed since 2012. Counting from Oct21 low, the next pivot is at where are i.e. Mar25-Apr25.
Given the alignment in both price and time, 10.78 would've been the pivot point for EURSEK to rebound and resume its monthly uptrend starting from Apr25.
The first two key catalysts would be the tariffs announcement on 2 Apr followed by NFP on 4 Apr. The CPIF inflation reading in Q2 is expected to be benign given the strong SEK in Q1.
The 41-month cycle or 3.5 years has also been consistently observed since 2012. Counting from Oct21 low, the next pivot is at where are i.e. Mar25-Apr25.
Given the alignment in both price and time, 10.78 would've been the pivot point for EURSEK to rebound and resume its monthly uptrend starting from Apr25.
The first two key catalysts would be the tariffs announcement on 2 Apr followed by NFP on 4 Apr. The CPIF inflation reading in Q2 is expected to be benign given the strong SEK in Q1.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.