The USD/SEK is threatening some major breakout points. A close above 6.5700 could be potentially a huge move higher.

With Mario Draghi of the ECB intent on capping the EUR/USD and fighting the deflationary monsters at his dorrstep, is seems that other European currencies (like the krone) may feel the heat as well.

4-4-14USDSEK

Blake Morrow

Chief Currency Strategies, Wizetrade

Disclaimer, I am long at 6.5314

3-10-14EURGBP

 

EUR/GBP setting up for a major double bottom after a weekly test or the 61.8% retracement. If we clear the .8350, a move above .8500 in the coming weeks seem warranted.