USD/SEK is going through a steep downtrend which will not last forever so be ready to buy!
RSI 14 is OVERSOLD and the price seems really closed to the support line! My suggestion is to GO LONG waiting for a strong rebound which might last until either the 38.2 Fibonacci level (dotted line) or the price resistance started in the first part of May.
DO NOT FORGET to protect your capital and have a stop loss!
Not a financial advice.
Enjoy your trade!
RSI 14 is OVERSOLD and the price seems really closed to the support line! My suggestion is to GO LONG waiting for a strong rebound which might last until either the 38.2 Fibonacci level (dotted line) or the price resistance started in the first part of May.
DO NOT FORGET to protect your capital and have a stop loss!
Not a financial advice.
Enjoy your trade!
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