Tue, 07 Jan 2014 11:56:39 GMT
EUR/SEK 4H Chart: Channel Down
For a long time before Dec 13 EUR/SEK has been persistently moving north, but the following days were associated with poor performance of the Euro. Moreover, it appears that the sell-off will persist. The first argument in favour of the decline is the current location of the currency pair—it is trading just below the down-trend resistance line, which in turn