Friday, August 5, 2011

Swedish Krona Trading OUTLOOK 2.8.2011

SKA (USD/SEK): further USD decline expected

Pivot: 65
Our forecast: Down move towards 61.25 or even 60.
Comment: The pair has validated a bearish flag and should reach its previous low.


To leverage our Trend Opinion on Swedish Krona, we selected the following strategy.

Buy SKA Sep 11 63.5 PUT

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