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Trading Idea - EUR/SEK, 16-11-2022
Trading Signal: EURSEK
| Order | Sell |
| Direction | Bearish |
| Pattern | Trading in downward channel |
| Interval | 4 hours |
| Length (Candles) | 3 |
Idea Summary
The medium term EURSEK price forecast is bearish. The EURSEK price is testing the upper bound of a downward channel. Most likely the price will reverse and start falling to test Fibonacci 61.8 level while there is small likelihood it may continue rising and breach above the channel boundary.
Note:
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