Chart of the Day USDSEK

USDSEK is trying to breakout lower

 

USDSEK is testing a strong downside resistance and a long-term rising trend line  A confirmed daily close below this level could lead to a downside extension lower and a 9.51 level test. We have also a possible H&S pattern which could drive the pair much lower. Only a break above the 9.75 will invalidate.

ARMAT trading system is neutral

Note: look for the short trade entries with the stop loss above 9.75.

Telegram channel https://t.me/Trendtadingdna

Sponsored by our recommended brokers. Trade Gold with KeyTo Markets

Try our Managed accounts