In recent days, the USD/SEK exchange rate has shown a trend consistent with the global dollar's strengthening momentum. While the euro has remained in a relatively compressed range, peripheral currencies such as the Swedish krona have lost ground more rapidly, amplifying the movements. Hello, I'm Forex Trader Andrea Russo, an independent trader and prop trader with $200,000 in capital under management. Thank you in advance for your time.
🔎 Intermarket Context
EUR/USD (6E futures): stuck in a compression range between 1.1620 (support) and 1.1690 (resistance). Institutional investors are accumulating orders in these areas, with selling predominating at the upper end.
US Dollar: strong buying, typical of risk-off phases, which is reflected more quickly in the Nordic currencies (SEK, NOK) than in the euro.
Correlations: USD/NOK and USD/SEK have shown stronger upward movements than EUR/USD, confirming that dollar strength is finding greater scope in less liquid markets.
The USD/SEK pair remains attractive for strategic long positions:
A decisive breakout of EUR/USD would further strengthen the bullish momentum on USD/SEK, increasing the likelihood of reaching the 9,600 area target.
Trade closed: stop reached
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✅ Precise TAKE PROFIT
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Start investing like the banks — for free.
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.
If you're looking for:
✅ Precise TAKE PROFIT
✅ Precise STOP LOSS
✅ Real-time Trade Updates
🚀 Telegram Channel: t.me/swipeuptrading
👉 MY WEBSITE: andrearussoforextrader.com
Start investing like the banks — for free.
✅ Precise TAKE PROFIT
✅ Precise STOP LOSS
✅ Real-time Trade Updates
🚀 Telegram Channel: t.me/swipeuptrading
👉 MY WEBSITE: andrearussoforextrader.com
Start investing like the banks — for free.
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.