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###POV EURSEK DESCENDING TRIANGLE..........>

EURO-SEK
EURO-SEK: ###POV EURSEK DESCENDING TRIANGLE SUPPORT BROKEN
EURSEK has broken the 200-dma and 10.2855 support levels cited earlier. We need
to close below here to confirm a descending triangle breakout. This would see a
target of 10.0340, although there is some strong support around the June lows at
10.0962 and March lows at 10.0507.
- Also key to watch over the coming days, the 50-dma is close to falling below
the 100-dma. If this cross is confirmed it would add further impetus to the
downside move.
- From a macro perspective, downside momentum will be maintained if a December
hike becomes a greater probability so watching speeches and data releases will
be key going forward.
- For chart see https://tinyurl.com/MNI-EURSEK

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