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USDSEK-Lower Highs& Lower Lows !!!

Charts: 1 Day,1Week.
Elements used: Support & Resistance Levels , MACD, EMA 200,100,50,Time Markers.
Current Level : 6.5873


Swedish krona has been losing ground against the dollar since January 2013 but in June the pair reached an important resistance level around(6.87) price level from where it started a descending channel as can be seen on the chart bellow.The pair made lower highs and lower lows ,facts that confirmed the descending channel and that the krona may continue to
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Metal_Mind avatar
Metal_Mind 26 Dec.

UPDATE : WRONG PREDICTION

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