EURSEK - long (short-term). PA above Kumo, waiting for Kijun
First of all, essential information that affects this pair:
Central bank officials have tried talking the currency down to little avail. The central bank warned on December 30 that it could intervene. At the end of last year, the euro was at eight-month lows against the krona (`SEK9.12). The Riksbank is steeping up its efforts. (marctomarket.com/2016/01/swedens-riksbank-prepares-intervention.html)
See also: reuters.com/article/us-sweden-cenbank-minutes-idUSKBN0UM1VD20160108
But meanwhile for the next days....
EURSEK is entering in bullish area where buy trades could be fillled. The PA must break the 9.28 level first. It is also necessary to monitor the Kijun as its exit from the cloud (Kumo) will be an additional signal for a long entry. The lagging span is also interesting as it is bouncing against a trend line shown in blue.
Hope you enjoy. Thumbs up if you agree, thanks.
Central bank officials have tried talking the currency down to little avail. The central bank warned on December 30 that it could intervene. At the end of last year, the euro was at eight-month lows against the krona (`SEK9.12). The Riksbank is steeping up its efforts. (marctomarket.com/2016/01/swedens-riksbank-prepares-intervention.html)
See also: reuters.com/article/us-sweden-cenbank-minutes-idUSKBN0UM1VD20160108
But meanwhile for the next days....
EURSEK is entering in bullish area where buy trades could be fillled. The PA must break the 9.28 level first. It is also necessary to monitor the Kijun as its exit from the cloud (Kumo) will be an additional signal for a long entry. The lagging span is also interesting as it is bouncing against a trend line shown in blue.
Hope you enjoy. Thumbs up if you agree, thanks.
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