EUR/SEK 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro has been under intensive pressure for a long period of time, and its currency pair with the Swedish Krona is not an exception. This cross has been trading downwards for at least two consecutive weeks. Moreover, the single currency has just bounced back from the upper trend-line of the bearish pattern, meaning that we can now expect even stronger negative development. Pessimistic outlook for the pair is supported by technical indicators on all time-frames. However, Stochastic is currently pointing upwards on a daily time-frame, indicating that the pair is oversold. Meanwhile, 73.03% of SWFX market participants are holding short opened positions.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.