EURSEK Weekly Bullish channel

29 בפבר׳ 2020

EURSEK seems to have a strong characteristic of staying within a channel until it forges a new one in the direction of volume and trend. The weekly time frames shows that the pair exhibits strict adherence to a channel until broken to form a new one. We might therefore see a rally to the previous highs followed by a sideways channel and then a descending one. Targets may see the pair retest the lower trend line before proceeding in the buy. Continuation patterns in the buy should also be taken note of