7 Aug 2015
EUR/SEK Golden Cross considerations
The EUR/SEK primary trend is technically reaffirmed by a rise in the 100-day SMA above the 200-day SMA.
Drawing upon this Golden Cross consideration, as well as the fact that the current price is not too far from the crossing level, long-term buyers may want to set up shop at the Cross level which should ideally contain any corrective pullbacks. A break of the all-important 200-day SMA would be seen as an offsetting confirmation that the trend has changed direction.
Drawing upon this Golden Cross consideration, as well as the fact that the current price is not too far from the crossing level, long-term buyers may want to set up shop at the Cross level which should ideally contain any corrective pullbacks. A break of the all-important 200-day SMA would be seen as an offsetting confirmation that the trend has changed direction.