USDSEK experienced a strong sell-off during the release of Sweden's GDP figures, which came out better than expected. The Swedish krone strengthened initially, but quickly retraced back up. That said, there is a chance we may see another slide again towards the lower side of the small channel, as those traders who missed the initial drop could start coming in and pushing USDSEK lower. But until one of the sides of the rising channel is violated, the pair might continue trading within those frames.
Please see the chart for levels and targets.
Always have your stop-loss in place.
Please see the chart for levels and targets.
Always have your stop-loss in place.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.