USDSEK is breaking below the medium-term uptrend line
USDSEK is breaking below 11.000 which is the medium-term uptrend line resistance. A break below this level is opening a potential downside reversal to 10.4000. USD has lost ground across the market and the upside momentum has weakened further. This pair is the ultimate proxy for a DXY direction.
Note: look for the short trades with a stop loss above 11.3000
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