USDSEK is forming a bearish triangle pattern within wave 4 that can the the price lower into wave 5 by Elliott wave theory.
Despite some slow down of inflation in Sweden, USDSEK currency pair looks to be ready to break down from a triangle soon. If FED disappoints to bring more hawks after US PCI miss last week, I think this one can easily break down into a fifth wave.
Check our article for the week ahead HERE.
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