Fri, 08 Nov 2013 07:43:53 GMT
EUR/SEK 4H Chart: Ascending Triangle
EUR/SEK has been gradually advancing since the very beginning of September when the formation of the ascending triangle pattern started. On November 7, the ECB decision to cut rates pushed the pair below the lower limit of the pattern that may have been considered as a bearish breakout, especially given the proximity of the apex. However, the actual pair's trend