EURSEK - Daily - Karlsson is getting stronger... For now.
Because, at the moment, I am a believer in the Euro weakening, I think it's a great opportunity for all other currencies to recover against it. This opportunity might not last for too long, but certainly is something to keep in mind for the time being.
I think it is clear that it will try to touch the closest upward trend line. That's only if there won't be any ridiculous statements from the ECB or "Sverige".
In the mean time, I am looking for it to touch that trend line and then we will have re-evaluate the situation. Maybe it will become a strong support and it will bounce from it higher. Personally me, I doubt that, because the ideal area for the bounce would be the even lower bubble on the lower trend line. But hey, what I want is not taken into consideration by the market.
As always, keep an eye on the price action!
I think it is clear that it will try to touch the closest upward trend line. That's only if there won't be any ridiculous statements from the ECB or "Sverige".
In the mean time, I am looking for it to touch that trend line and then we will have re-evaluate the situation. Maybe it will become a strong support and it will bounce from it higher. Personally me, I doubt that, because the ideal area for the bounce would be the even lower bubble on the lower trend line. But hey, what I want is not taken into consideration by the market.
As always, keep an eye on the price action!