FX.co - USD/SEK reversed perfectly off resistance, potential for further drop!

2019-11-15T03:48:29

Long-term review

Price is reversing strongly off our first resistance and we are expecting a further drop to our first support level.

Entry: 9.75275

50% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance

Take Profit : 9.51661

Why it's good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support

USD/SEK reversed perfectly off resistance, potential for further 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 ★ USD/SEK reversed perfectly off resistance, potential for further drop!