Home About the company Daily reviews EUR/SEK currency pair analysis 04.02.2022

EUR/SEK currency pair analysis 04.02.2022

04.02.2022

Market Review

The general trend is ascendant. The currency pair fluctuates between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence. The inclined channel of the descendant structure is pierced.

Trade idea: 

Buy when the curve breaches through 10.4281 (when the ascendant wave structure forms).

Stop-loss below the mirror level 10.3628.

Target level – 10.5520.

Author: GC
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