EUR/SEK 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Given the current market conditions, the risks are heavily skewed to the downside. The latest gains should be capped by 9.28, where the daily pivot point merges with the falling trend-line. The nearest support is at 9.26, and this level must be broken in order for the currency pair to confirm its intentions to descend deeper, down to 9.2450 (May 8 low). At the same time, if 9.28 fails to trigger a sell-off, the bears will have a good opportunity to regain control at 9.3250 (May 20 high and 200-hour SMA). As for the sentiment in the SWFX market, right now most of the traders prefer to be short the Euro—70% of them.
© Dukascopy Bank SA
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Thu, 21 May 2015 13:31:04 GMT

EUR/GBP 1H Chart: Channel Down

Since the beginning of this week, the common currency has been refusing to move significantly below the upper trend-line of the bearish pattern. Despite that, there is scope for a sharp downward development at the moment. At first, EUR/GBP is required to violate the nearest weekly support line at 0.7069 (weekly S1). Additional momentum should be provided by the 200-hour

Thu, 21 May 2015 06:31:37 GMT

EUR/TRY 1H Chart: Channel Down

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