Chart of the Day USDSEK

USDSEK is breaking down

USDSEK has completely reversed the long-term uptrend and is breaking below the critical 9.31 level. This is opening now a possible downside continuation to 9.24 level. Now only a daily close above the 9.4000 level would invalidate the formation break and a downside extension.

ARMAT trading system is bearish

Note: look for the short trade entries with the stop loss above 9.40 level.

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