EURSEK

Intraday - We look to Buy at 10.5061 (stop at 10.4602)

Preferred trade is to buy on dips. Downward pressure has continued and we are assessed as being in the corrective leg lower before the next rally. There is scope for mild selling at the open but losses should be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.

Our profit targets will be 10.6593 and 10.6918

Resistance: 10.6600 / 10.7000 / 10.7500
Support: 10.5000 / 10.4500 / 10.4000

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Chart PatternsdipbuyenergycrisiseuroeurseklongTechnical IndicatorsTrend Analysis

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