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
