After a consolidation within a triangle in the recent weeks, the EUR/SEK has broken below a short term support around 8.32 which signals a likely resumption of the downtrend toward the recent low at 8.2540. A break below this threshold would pave the way to the major support at 8.1736 (2012 low). The initial resistance lies at 8.37. Short – Stoploss @ 8.3705 – Target @ 8.1740.
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