EURSEK at Key Demand Zone: Will Buyers Push Toward 11.396?
EURSEK has reached a significant demand zone, marked by prior strong price reactions and substantial buying interest. This level has historically acted as a support zone, suggesting the potential for a bullish rebound if buyers step in.The current market structure indicates that if the price confirms a rejection from this demand zone, we could see a move upward toward the 11.3966 level, aligning with a logical retracement within the broader market context.
Traders should watch for bullish confirmation signals, such as bullish engulfing candles or higher lows, before entering long positions.
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