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  4. EUR/SEK Signal - Feb. 27, 2013
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EUR/SEK Signal - Feb. 27, 2013

By Maxime Parra
Maxime Parra
By Maxime Parra
Maxime Parra has been trading since the age of 18, and he is now in charge of technical and fundamental analysis at BNRY.com and Tmarkets.com. Fascinated by the psychology of financial markets and technical analysis, he is also the head of the “Fédération Sud Finance” and is preparing for the Degree of the Chartered Financial Analyst (CFA) level 1 at the SKEMA Business School. Maxime favors trend following strategies by combining chartist analysis with the use of technical indicators.

For a few sessions the EUR/SEK pair had consolidated in a relatively tight trading range. The medium term bearish situation pushes us to consider an exit of the figure from the bottom as we still have the presence of the figure Shoulder -head-Shoulder spotted on the 61.8% Fibonacci level. The moving average at 7 sessions should also be a dynamic resistance and push prices down.
Direction: Sell
Entry: 8.4320
Stop-loss: 8.52
Take-Profit: 8.20

EURSEK Signal

Maxime Parra
About Maxime Parra
Maxime Parra has been trading since the age of 18, and he is now in charge of technical and fundamental analysis at BNRY.com and Tmarkets.com. Fascinated by the psychology of financial markets and technical analysis, he is also the head of the “Fédération Sud Finance” and is preparing for the Degree of the Chartered Financial Analyst (CFA) level 1 at the SKEMA Business School. Maxime favors trend following strategies by combining chartist analysis with the use of technical indicators.
 

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