EUR/SEK 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A day earlier, we have examined a channel down pattern shaped by EUR/SEK. Today we will focus on another formation-triangle formed by the same instrument.
The currency pair entered the pattern shortly after it touched a three-year high of 9.1400 and was locked between its trend-lines until May 13 when it breached the lower limit of the formation. However, this did not lead to a breakout as EUR/SEK came back to the pattern's area two days later and since then it has not showed any willingness to penetrate any of the trend-lines. In the hours to come, the pair may swing between gains and losses considering mixed technical signals.
© Dukascopy Bank SA
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