EUR/SEK 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has been narrowing its trading range since 4th of July—from 2200 pips then to 350 pips now. Very Important is the fact that pair is currently testing pattern's resistance. Taking into the account high gauge of magnitude (of movements) of the pattern it is likely we could see significant momentum gains if the pair breaches the pattern's boundaries. However, as technical indicators do not give any clear aggregate readings and quite a few of them give neutral outlook individually we could expect the pair to stay in the pattern's boundaries for some time.

© Dukascopy Bank SA
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