EURSEK bounced off from its short-term rising trendline and seems set to resume it bullish trend
A short term move to the 0.618 retracement seems like. A close above is likely to push the daily RSI to close back above 60 threshold i.e., back in positive sentiment supporting further upside potential
Medium term EURSEK did break below its lower rising trendline but is currently trading back above. If EURSEK can close the week above the trendline EURSEK could be set for higher levels.
If weekly RSI is also closing back above the 60 threshold it will further confirm the bullish trend ahs resumed. If EURSEK slides back to close below 11.45 a new bearish trend is likely to unfold
A trend that could push EURSEK above 12. Possibly to the 1.382 projection at around 12.20, but a bullish move to the 1.618 projection at 12.35 would be in the cards.