The EUR/SEK pair bounced back after its important pullback over the past few days, but remains in a very uncomfortable technical situation following the crossing of moving averages at 7 and 20 sessions and the materialization of the Shoulder-Head-Shoulder figure discussed in the previous analysis. In this context, investors will favor bearish trades with an interesting level at 8.511 (neck line of the figure S-H-S) in the event of a pullback.
Direction: Sell
Entry: 8.48
Stop-loss: 8.60
Take-Profit: 8.20
