EURSEK

Chart courtesy of FXTA. Data provided by Quote Center.

Good morning all,

The EURSEK cross above shows time alignments. Note the larger time frames.

For anyone who took up a short position yesterday at the 786 will this morning be in some good profit so use money management and scale out with as close as possible break even.

Since I mentioned taking up a long position on the USDCAD pair during the latter part of last year, we have now moved up 600 points. Today we will probably have some volatility on the pair so beware of this. If we break 11840 then we may see higher moves till at least 11900 and more so 11950.

Have a great day.