eursek has been perfectly bouncing on a support 3 times with a bounce losing intensity each time it hit the support, then it broke and started confidently a down move inside a new channel below. of course now we have through a perfect alignment a retest by below of this previous support, exactly at this point the DMI reaches an extreme value, we do not see how eursek can do anything else than dropping sharply now, this move is also supported by what we see on noksek, usdsek, eurnok and eurusd. this is very simple, if eursek surprisingly cross confidently the 1.53 1.54 area, we will see it coming very soon and then we freeze everything, the loss will be minimal, otherwise we can short eursek massively from where it stands
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.