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EUR/SEK currency pair analysis


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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