EUR/SEK Signal - Feb. 12, 2013

DailyForex.com Team

By: DailyForex.com

On the EUR/SEK pair, the figure shoulder-head-shoulder is still relevant following the contact with the 61.8% retracement and the break of the moving averages at 7 and 20 sessions. We are witnessing also a divergence of the Bollinger bands that could announce a new bearish movement. Investors will be watching the 8.5560 break to target a new bearish move.

Direction: Sell
Entry: 8.5555
Stop-loss: 8.60

EUR/SEK Signal - February 12, 2013

About the Author
DailyForex.com Team
The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.
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