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FX.co ★ USD/SEK reversed perfectly off resistance, potential for further drop!

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Forex Analysis:::2019-11-15T03:48:29

USD/SEK reversed perfectly off resistance, potential for further drop!

Price is reversing strongly off our first resistance and we are expecting a further drop to our first support level.

Entry: 9.75275

50% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance

Take Profit : 9.51661

Why it's good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support

USD/SEK reversed perfectly off resistance, potential for further drop!

Analyst InstaForex
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