FX.co - EUR/SEK approaching resistance, potential drop!

2019-08-23T04:19:12

Long-term review

EURSEK is approaching our first resistance where we might be seeing a drop below this level.

Entry: 10.7456

Why it's good : 76.4% fibonacci retracement, 100% Fibonacci extension

Stop Loss : 10.8014

Why it's good : horizontal swing high resistance, 100% Fibonacci extension, 78.6% fibonacci retracement

Take Profit : 10.6485

Why it's good: Horizontal swing low support, 61.8% fibonacci extension, 50% Fibonacci retracement

EUR/SEK approaching resistance, potential drop!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ EUR/SEK approaching resistance, potential drop!