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EUR/SEK currency pair analysis

21.04.2022

Market Review


The general trend is ascendant. Bears tested the support level 10.2180. Awesome Oscillator indicates bullish divergence. The descendant wave structure is truncated.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.

Stop-loss: 10.2180.

Target levels: 10.4000; 10.6800.

Author: GC
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