EURSEK Weekly Bullish channel
EURSEK seems to have a strong characteristic of staying within a channel until it forges a new one in the direction of volume and trend. The weekly time frames shows that the pair exhibits strict adherence to a channel until broken to form a new one. We might therefore see a rally to the previous highs followed by a sideways channel and then a descending one. Targets may see the pair retest the lower trend line before proceeding in the buy. Continuation patterns in the buy should also be taken note of
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.