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Euro / Swedish Krona

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EURSEK trade ideas

EUR/SEK 1H Chart: Falling wedge in sightThe Euro has been depreciating against the Swedish Krona since the end of August. This movement has been bounded in a falling wedge. The exchange rate reversed south from the upper wedge boundary at 10.41 at the end of October. Given that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, it is expected that the pair aims for the lower boundary of given pattern located circa 10.26. However, this move might not be immediate and the pair could re-test the upper pattern line located near 10.36.
by UnknownUnicorn890690
EURSEK - Daily - Could be interestingTrade Alert It looks like we are getting closer to a braking point on EURSEK. The pair keeps holding on to its support zone at 10.288, which is proven to be an important level that is keeping the pair from breaking lower. At the same time, EURSEK is still trading below its short-term downside resistance line. That said, for us to get comfortable with much lower levels, we would need to see a break below 10.288 level, which could open the path towards much lower levels. On the upside, a break above the aforementioned downside resistance line and a close of the daily candle above the 10.435 barrier, could invite more bulls to the table an we could see the pair traveling higher. Always have your SL in place.
by JFD_Research
EURSEK - Daily - Watch it.Trade Alert EURSEK is testing the long-term upside support line drawn from the low of the 9th of October. As long as it remains intact, we could see the pair reversing back up again. But for now, we will stay put, as we can see that the pair is sitting between two key levels: 10.435 on the upside and 10.288 on the downside. If one of these is broken, we might start looking for other levels in the direction of the break. Please see the chart for details. Always have your SL in place.
by JFD_Research
EUR/SEK 1H Chart: Bearish momentumThe Euro has been appreciating against the Swedish Krona after the currency pair reversed from the Fibonacci 38.20% retracement at 10.32. This movement has been bounded in a short-term ascending channel. Currently, the pair is trading the lower channel line at 10.36. Also, the pair is pressured by the 55-, 100– and 200-hour SMAs located in the 10.39/10.45 range. Given these facts, it is expected that a breakout from the channel might occur in the nearest future. Technical indicators for the 4H and 1D time-frames support bearish scenario. Potential downside target could be the weekly S1 at the 10.29 mark.
by UnknownUnicorn890690
SEK remains a very cheap G10 currency=> We are eyeballing a break of the current range to the downside here in EURSEK => Our targets are 10.00x with stops above the 76.4 fib at 10.600x => This is a very technical play in an environment where SEK valuations are attractive to say the least. We've done superbly well in our USDSEK shorts so far despite the broad based dollar strength and we see SEK benefiting from a more hawkish ECB in the coming sessions. => The Riksbank has breathing room on the monetary policy side after turning more hawkish in the past few weeks with even the most dovish members accepting that hikes are necessary. => Best of luck all trading this one live
Short
by ridethepig
EURSEK may be running into an area of support zoneA couple of technical factors grabs our attention: • The weekly pivotal finds at 10.35 its 100MA and 20MA (weekly) • Coincides with the earlier breakout level (May 2018) • The five-month ascending trendline remains valid • Whereas, the daily and weekly studies remaining bearish • The cross lost the both 20 and 50MA. Three-day focus: Technical rebound in a bearish trend Since the H4 oscillator has picked up and as the daily study RSI has been turned bullish, rallies are anticipated towards 10.47 and 10.52 initially, ahead of the resistance 10.57. This view will strengthen only if the price breaks above 10.43. Intraday: As long as 10.30 is support look for 10.4280. An alternative scenario, if price breakdown below 10.30, could retrace further to 10.23 and 10.20 its 200MA.
by KeytoMarkets
Adding more SEK to our portfolio=> After Sunday's election resulting in political deadlock we are set for another circus of government building. => Here we are expecting politics to open up an extended period of narrative for SEK where the path to normalisation (hikes expected to begin in December) will take centre stage. => With the focus shifting towards Riksbank and the economic expectations we are targeting a test of the 10.25xx => As most of you already know we are now overweight SEK in our portfolio with USDSEK and NOKSEK positions already running in profit since last week. => Good luck all here
Short
by ridethepig
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