EUR/SEK Signal - Feb. 12, 2013

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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

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