EURSEK
"EURSEK: correction of the down move" by ThinkingAntsOk4H Chart Explanation:
- On higher timeframes, price broke the Weekly Ascending Channel (check Weekly or Daily Analysis).
- Price broke the Micro Descending Channel.
- Now, price is on a correction before continuing the down move.
- If price breaks it, potential to move down towards the Fibo Levels.
Weekly Vision:
Daily Vision:
Updates coming soon!
EUR/SEK is seen to reverse back following a series of weak candl𝔹𝕖𝕗𝕠𝕣𝕖 𝕪𝕠𝕦 𝕣𝕖𝕒𝕕 𝕥𝕙𝕚𝕤 𝕚𝕕𝕖𝕒, 𝕡𝕝𝕖𝕒𝕤𝕖, 𝕔𝕝𝕚𝕔𝕜 𝕥𝕙𝕖 𝐋𝐈𝐊𝐄 𝐛𝐮𝐭𝐭𝐨𝐧 𝕥𝕠 𝕤𝕦𝕡𝕡𝕠𝕣𝕥 𝕞𝕪 𝕨𝕠𝕣𝕜.
𝕀 𝕨𝕠𝕦𝕝𝕕 𝕒𝕡𝕡𝕣𝕖𝕔𝕚𝕒𝕥𝕖 𝕚𝕥.
The pair is seen to reverse back following a series of weak candles. Sweden celebrated its 25th year of accession to the European Union this month, together with Finland and Austria. They became the 13th, 14th, and 15th Member States of the EU. However, the celebration was market with a rift between the Nordic countries and Brussels. The European Union wants to implement a Eurowide minimum wage, which will hurt rich countries in the Nordic with high minimum wage. The plan of the European Commission was its first step towards creating a framework for minimum wage to be adopted by all EU Member States. However, this will destroy the century-old models of collective bargaining between the Nordic countries and the labor unions. This will eventually result to a disruption among member countries with a lower or higher minimum wage requirements. The bold policy was introduced by European Commission President Ursula von der Leyen.
EURSEK approaching resistance, look out for potential reversal!
EURSEK is approaching its resistance at 10.6061 where it is could reverse down to its support at 10.3924.
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EURSEK is under the Mirror Level!I will open Sell the false breakout because:
- the price is under the Mirror Level 10.48800;
- the trend is bearish;
- potential profit will be 3 times bigger than the risk.
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EURSEK approaching support, potential for a further rise!
EURSEK approaching support at 10.3924 where it could potentially rise further to 10.6061.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
EURSEK bounced from support, potential for a further rise!
EURSEK bounced off 10.3924 where it could potentially rise further to 10.6061.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
"EURSEK broke the Ascending Wedge" by ThinkingAntsOkDaily Chart Explanation:
- Price was on an Ascending Wedge since 2007.
- Price broke it.
- Now, it has potential to move down towards the Support Zone.
- We are looking for sell setups on lower timeframes.
Weekly Vision:
4h Vision:
Updates coming soon!