On the weekly chart of Eur/Sek we see a beautiful bullish channel supporting the pair in its upward movement:
Eur/Sek weekly chart
On the daily chart we see that the lower border of the trendline is near now,
and if we presume that price bounces from there - we can draw fibonacci expansion from there
and find that the 61.8% expansion target is near the previous highs around 9.375:
Eur/Sek daily chart
Eur/Sek weekly chart
On the daily chart we see that the lower border of the trendline is near now,
and if we presume that price bounces from there - we can draw fibonacci expansion from there
and find that the 61.8% expansion target is near the previous highs around 9.375:
Eur/Sek daily chart